Andreas Simon , Regional Director MEA , Jedox , speaks to us about how businesses can tackle inflation with a strong financial strategy and analysis .
Few economic indicators have received as much attention over the last year as inflation . It has dominated headlines and been pointed to as one of the key factors contributing to current economic conditions .
Yet , it is encouraging to see that the Arab Gulf region is once again outperforming the rest of the world , this time on inflation . While the US saw an 8.5 % inflation rate in September 2022 , having peaked at 9.1 % in June 2022 and the UK recorded a September rate of 8.8 %, which is slowly rising , the GCC ’ s economic landscape was nowhere near as chaotic .
The Central Bank of the UAE projects inflation to be 5.6 % for 2022 , and Qatar ’ s rate is 6 % as of September . Other Gulf countries show even lower rates . Inflation is a little above 4.1 % in Kuwait , Bahrain sits www . intelligentfin . tech