Japan's MUFG expects deep recession across GCC countries [Reuters]
Mitsubishi UFJ Financial Group, Inc. (MUFG)
Company Research
Source: Reuters
Japan's MUFG expects deep recession across GCC countries DUBAI (Reuters) - Japan’s Mitsubishi UFJ Financial Group Inc (MUFG) ( 8306.T ) expects countries in the six-nation Gulf Cooperation Council (GCC) to be in deep recession this year with overall real GDP down to -3.7% from a previous growth forecast of 2.9%. The bank said in a research note on Monday the new forecast took into account oil output cuts, the impact of the new coronavirus on the non-oil economies of the region, and the stimulus provided by GCC governments. The bank estimates the drop in oil prices costs the six nations - Saudi Arabia, the United Arab Emirates, Kuwait, Qatar, Bahrain and Oman - some $72 billion in overall lost oil export receipts for each $10 a barrel drop, and said it expects overall GCC financing requirements of $208 billion this year assuming an average Brent price of $43 per barrel.
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MUFG
Earnings
- 11/17/25 - Beat
MUFG
Sec Filings
- 12/1/25 - Form 6-K
- 11/28/25 - Form 6-K
- 11/28/25 - Form 6-K
- MUFG's page on the SEC website