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RIYADH: Saudi Arabia came third place among the lowest-risk nations in the Middle East and Africa region in the fourth quarter of 2022, according to the GlobalData Regional and Global Risk Index. The index is a unique rating model that determines the existing and future levers of country risk by assessing various qualitative and quantitative factors. The UAE came in first as
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Emirates also found to be at lowest risk from supply chain disruption, inflation and rising debt among 56 countries in the region
High inflation levels far above the Fed Reserve’s target of 2% and the consequent tightening of monetary policy, which has been hiked eight times from January 2022 to February 2023, will continue to dampen household spending and investments in the US, which will negatively impact the economic growth prospects. As a result, the real GDP growth of the US is set to slow down from 2.1% in 2022 to 0.3% in 2023, forecasts GlobalData, a leading data and analytics company.
The much awaited 22nd FIFA men's World Cup is taking place in Qatar from 20 November to 18 December 2022. The small and oil and natural gas-rich Arabian Gulf nation has reportedly spent $200 billion so far on infrastructure to accommodate over one million visitors during the month-long sports extravaganza. Against this backdrop, the Qatar economy is expected to grow at a faster pace of 4.6% in 2022 compared to 1.5% in 2021, forecasts GlobalData, a leading data and analytics company.