In this July edition of  Economy Bites, Partner Jing Teow discusses how US tariffs under President Trump have altered global trade patterns and raised inflation concerns, and what this means for the region. Importers are rerouting goods through ASEAN and the GCC as we now rapidly position ourselves as a strategic re-export hub, which carries risks and opportunities. In addition, Jing also focus on the implications of OPEC+ bringing forward planned increases in production quotas, and why this hasn’t had a huge impact on oil prices.

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.

 | In this episode of Economy Bites, Director of Economics, Jing Teow discusses recent tariff agreements between the US, China, and UK, mentioning temporary relief but ongoing challenges. The discussion also highlights the impact on GCC nations, with lower GDP growth forecasts from the IMF, challenges for the oil sector, and fiscal pressures on Gulf economies. Also covered are President Trump's US$700 billion AI and technology deals during his recent visit to our region.

In this edition of Economy Bites, Jing Teow our Director of Economics, examines Trump's trade policy, its impact on global markets, and investor confidence. With a forecasted 1% drop in global trade volumes, the IMF predicts a half percentage point lower GDP growth. Jing also addresses the GCC countries' exposure to tariffs and risks from lower oil prices and dollar depreciation 

In this month’s episode of Economy Bites, PwC’s Middle East Global Chief Economist Richard Boxshall delves into the impact of Trump's tariffs and how US economic policies are reshaping global trade dynamics. He highlights the global reaction to these shifts and in addition provides an analysis of the latest data from Saudi Arabia.

In this special edition of Economy Bites, Global Chief Economist Richard Boxshall shares the latest economic trends in the region from our recently launched Middle East Economy Watch: GCC strong growth and ambition, balanced with fiscal prudence.  

In this episode we share the five key themes shaping regional trends as we explore the forces set to define our evolving geoeconomic landscape in 2025. With a focus on fiscal prudence, tax reforms, AI innovation and urban transformation, the GCC is ready to navigate key economic shifts in the year ahead. 

In this month’s Economy Bites episode PwC’s Middle East Director of Economics Jing Teow reflects on the global performance of 2024 and the global outlook for 2025 outlining stable yet flat growth and she shares how this compares to the forecast for the Middle East.

In this month’s Economy Bites episode PwC’s Global and Middle East Chief Economist Richard Boxshall highlights the challenges and opportunities for the Middle East on the likely implications of the recent US presidential election highlighting three key areas: energy policy , a strong dollar and a potential trade squeeze from proposed universal tariffs. Learn more about the nuances and the potential impact of Trump’s presidency on the region

Welcome to episode 13 of Economy Bites.  In this episode we are joined by Jing Teow, PwC Middle East's Director of Economics.  This month Jing explores the factors driving the current muted response in the oil market, highlights the GCC’s expanding trade agenda and the diversification of trade relations beyond the traditional partners. Jing concludes with regional inflation dynamics which remain relatively subdued compared to the global average, however there are pockets of price pressure.