In our June edition of Economy Bites – our Director of Economics, Jing Teow highlighted the economic implications of the recent conflict, noting that the equity market rally halted following the attacks on Iran and significance of the Strait of Hormuz for global oil trade. Jing also discussed the short-term impact on the GCC, including temporary airspace closures and disruptions to regional travel and tourism, which are expected to be temporary. Additionally, she emphasised the potential risks of re-escalation, including impacts on tourism, inflation, and investor confidence.
What is Economy Bites | A monthly economic update podcast ?
Join our industry experts in this new monthly podcast series as we share the region’s economic update and help you stay current on the latest updates across the GCC.