StanChart: GCC economy will be resilient in 2025

Despite a projected fall in global growth to 3.1% from 3.2%, the region is expected to outperform

The Gulf Cooperation Council (GCC) is expected to remain a bright spot for global growth in 2025, according to a Standard Chartered report.

Despite a projected slowdown in global growth to 3.1% from 3.2%, the GCC is expected to outperform, driven by resilient non-oil sector growth and strategic investments that underpin its economic diversification, said Standard Chartered’s Global Market Outlook for 2025.

The GCC’s focus on long-term transformation continues to shield the region from many global economic challenges. Investment in non-oil sectors and a conducive environment for private-sector growth are expected to sustain momentum in 2025.

The report also highlighted that lower interest rates are likely to provide additional support, particularly for borrowing-sensitive industries across Saudi Arabia, the UAE, and Qatar.

While broader MENA economies, including Egypt and Lebanon, face heightened pressures from regional conflict, the GCC remains relatively insulated and well-positioned for steady expansion.

Commenting on the report, Ayesha Abbas, Managing Director and Head of Affluent and Wealth Solutions, Europe, Middle East and Africa, and UAE at Standard Chartered, said: «Amid global economic uncertainties, the GCC emerges as a rare bright spot, showcasing its resilience and adaptability. By focusing on economic diversification and leveraging opportunities in non-oil sectors, the region continues to chart a path of sustainable growth.»