MANAMA: Ignoring the early signs of a global slowdown could prove costly to the GCC region, dampening an otherwise bullish short-term growth outlook, an expert has said.
The governments of Bahrain and the wider GCC region are making good progress in the creation of revenue separate from the oil-based economy, especially with the introduction of VAT, but ignoring the early signs of a global slowdown could be costly to the region, said Saxo Bank chief investment officer Steen Jakobsen .