The consumer sector across the Gulf Co-operation Council (GCC) is structurally poised to outperform advanced economy peers for decades, driven by unique demographics, strong labour supply, and improving human capital, according to a research briefing by Oxford Economics.
The report, “Which structural factors will support GCC consumers,” forecasts robust, long-term growth in household consumption, supported by factors that largely negate the economic drag faced by ageing populations elsewhere in the world .
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