Saudi Arabia warned financial assets may be drained within five years | The National:
"The IMF has warned that regional economies could burn through their financial buffers within five years as they face a $700 billion deficit.
The fund lowered its projection for Gulf growth to 3.3 per cent this year, down from a 3.4 per cent projection in May, as lower oil prices batter the region.
It expects regional growth to slow further next year to about 2.8 per cent."
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