The Gulf Economic Update (GEU) is the product of the Middle East and North Africa unit inthe Macroeconomics, Trade, and Investment(MTI) Global Practice at the World Bank Group. It provides an update on key economic developments andpolicies in the Gulf Cooperation Council (GCC) countries over the past six months, places them in a longerterm and global context, and assesses the implicationsof these developments and other changes in policyon the outlook for the GCC. Its coverage ranges from