IMF predicts deficit in budget of Gulf countries due to low oil prices

IMF predicts deficit in budget of Gulf countries due to low oil prices

GDP growth of the Gulf countries because of falling in oil prices has slowed down to 3.2% in 2015.

It is expected budgets won’t receive $275 billion and the overall deficit will amount to 12.7%, the executive director of the International Monetary Fund (IMF), Christine Lagarde said today. 

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