CATEGORY: OBG Business Barometer
Undoubtedly, higher and more stable oil prices have buoyed the Gulf countries over the past year. As I have written before, this is in some senses good news for the region, where oil plays such an important role in terms of income.
Higher and more stable oil prices have undoubtedly buoyed Gulf countries in 2018. While this is, in some senses, good news for the region, where oil plays such a crucial role in terms of income, it also raises important questions about the need for – and the pace of – reform. In speaking with close to 900 of the region’s executives in face-to-face interviews, the latest OBG Business Barometer: Gulf CEO Survey illuminates how the rollercoaster of the past year has impacted near-term business plans in the private sector, and how executives are factoring uncertainty into their development strategies.
With a young and burgeoning population, Myanmar has made notable progress and has substantial economic potential. However, a number of challenges persist, according to the 100 C-level executives who participated in the third and latest Business Barometer: Myanmar CEO Survey. Although Myanmar’s first credit bureau is preparing to begin operations, 83% of respondents say that access to credit remains difficult or very difficult. Furthermore, infrastructure gaps and the bureaucratic capacity of the public sector are seen as the factors most likely to weigh on economic development.