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Tuesday, 2 May 2017

IMF Sees Gulf Budget Deficits Shrinking as Rulers Spend Less - Bloomberg

IMF Sees Gulf Budget Deficits Shrinking as Rulers Spend Less - Bloomberg:

"Spending cuts and an increase in oil prices are helping Gulf Arab monarchies lower some of the world’s highest budget deficits, the International Monetary Fund said, hailing it as progress in efforts to transform economies that have relied on hydrocarbons for more than five decades.

These five charts highlight key elements from the latest IMF outlook released in Dubai on Tuesday."



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