CATEGORY: OBG Business Barometer
As I write this in January 2018 and look back to a year ago, the economies of the GCC were hoping that oil prices had bottomed out and that the next 12 months would herald greater market stability.
Despite the economic blockade imposed by some of its regional neighbours in June 2017, a review of more than 100 CEOs in OBG’s Business Barometer: Qatar CEO Survey shows that the impact has been far less negative than one might have expected. Indeed, following the boycott, more than 90% of respondents were either positive or very positive about local business conditions, compared to 74% before. The speed and ease at which Qatar has managed to find alternative sources and routes for goods previously imported from GCC neighbours has no doubt boosted business sentiment, not to mention resourcefulness.
Seven years after the revolution, Tunisia continues to work on consolidating economic growth, with activity in a variety of sectors suggesting it is making good progress with this. Oxford Business Group’s inaugural OBG Business Barometer: Tunisia CEO Survey shows that CEOs are relatively optimistic: 77% have either positive or very positive expectations of local business conditions in the next 12 months, and approximately half forecast GDP growth of 2-3% over the same period. However, respondents highlighted that Tunisia is most in need of leadership and research and development skills to make further headway.