The GCC in 2020
The Gulf and its Persons
A report from your Economist Cleverness Unit
Paid by the Qatar Financial Middle Authority
The GCC To 2020
The Gulf As well as its People
Regarding this research
To
he GCC in 2020: Outlook to get the Gulf and the global economy is actually a white conventional paper written by the Economist Intelligence Unit and sponsored by the Qatar Financial Centre (QFC) Authority. The findings and views indicated in this conjonction paper will not necessarily echo the landscapes of the QFC Authority, containing sponsored this publication with the intention to promoting informed debate. The Economist Intellect Unit bears sole responsibility for the information of the record. The author was Jane Kinninmont and the editor was Aviva Freudmann.
The findings derive from two main strands of research:
m A plan of complex analysis, done by the Economist Intelligence Device, which drew on its own long term forecasts and projections for the half a dozen GCC financial systems, along with other posted sources of details.
l A number of interviews through which economists, scholars and leading experts in the development of the GCC were invited to offer their views. In some cases, interviewees have chosen to remain private.
Our sincere thanks go to all the interviewees for showing their perception on this subject. September 2009
В© The Economist Brains Unit Limited 2009
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The GCC To 2020
The Gulf As well as its People
Professional summary
Capital t
he deep demographic and social alterations that have converted the six-nation Gulf Assistance Council (GCC) region (Bahrain, Kuwait, Oman, Qatar, Arab saudi and the United Arab Emirates) are started continue over the next decade, raising significant questions related to labour and immigration guidelines, the position of women, plus the adequacy of infrastructure and public providers. This report is the second in a series that looks at the probably themes in the development of the GCC economies to 2020. The initially report expected that the GCC will develop importance since an economic and trading hub, making it an ever more important trading partner as well as investor in Asia and Africa. This second report takes a nearer look at the populace mix of the GCC and concludes that demographic trends, while showing some main challenges, will support the region's significantly pivotal function in the global economy. Long term reports can consider the prospects to get diversification in to non-hydrocarbons industries, as well as meals, water and power reliability in the region. Essential findings from the second period of our analysis on the GCC and its individuals are highlighted under. l The GCC offers one of the fastest-growing populations on the globe. By 2020 this populace is outlook to increase simply by one-third, to 53m persons. The vast majority will probably be under twenty-five years of age. The rapid progress and the comparative youth in the population present serious issues as well as significant opportunities.
l The powerful population progress, together with the region's affluence and its abundant natural resources, indicate continued strong market require, which in turn really helps to make the GCC countries appealing prospects intended for foreign buyers. At the same time, the region's long-term economic progress will depend vitally on the success of work to educate and employ the rapidly broadening young inhabitants.
l Rapid population growth will remain targeted in urban centers. This will put pressure upon public companies, infrastructure and housing in urban centres. It will also make a large pool area of labour that may be challenging to absorb in the private sector, owing to mismatches not only of skills, yet also of expectations of wages and working circumstances. Ongoing education reforms can help, but will not solve these mismatches over the following ten years.
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The GCC To 2020
The Gulf...
