Wednesday 18 May 2016

IMF Questions Abu Dhabi's Austerity - Bloomberg

IMF Questions Abu Dhabi's Austerity - Bloomberg:

"Months of cheap oil have forced many of the gulf nations to tighten the purse strings. Abu Dhabi reduced its spending by one-fifth and plans to cut another 17% this year. The IMF is concerned that such austerity may cause unnecessary pain. Bloomberg's Zainab Fattah reports on "Bloomberg Markets Middle East." (Source: Bloomberg)"



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