GCC surpluses capable of withstanding oil slump | GulfNews.com:
"The sharp fall in oil prices during the last quarter and the volatility on the regional financial markets have triggered the fear of another regional economic slump.
From public policy forums to private chats, people are discussing the future of Gulf economies in the context of falling oil prices. Clearly decline in oil prices has cast doubts on the GCC governments’ ability to sustain the planned level of spending in 2015.
While few expect massive spending cuts in the short term, many analysts and policy experts say a sustained fall in oil prices over a very long period of time could force some fiscal adjustments in the region; the impact on the planned government spending will be minimal over the next two years."
'via Blog this'
No comments:
Post a Comment