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“The dependence of the GCC on expat workers and large swathes of job losses as the lockdowns bite in key sectors may result in significant falls in population, which could have longer-lasting implications,” Scott Livermore, chief economist at Oxford Economics Middle East, wrote in a report.
The Gulf Cooperation Council countries are: Saudi Arabia, the UAE, Qatar, Kuwait, Bahrain and Oman.
The report also said:
©2020 Bloomberg L.P.
