Michael Greenwald, director at Tiedemann Advisors and Fellow at Harvard Kennedy School's Belfer Center, says the resolution of the Qatari dispute allows greater local and foreign investor confidence and increased economic cooperation in the Gulf region.
"COVID-19 has triggered a deeper recession than that of the 2008–2009 global financial crisis. As in that crisis, monetary authorities at the US Federal Reserve have taken unprecedented actions to support liquidity in global markets. These steps have included support for domestic debt markets, including a recent expansion in the corporate bond market, as well as swap lines targeting the global dollar shortage..."