Persian Gulf Economies Expected to Shrink by 7.6% – IMF

Date: 30 June 2020 - 21:51

News ID: ۸۰۰۸۵

DUBAI (Dispatches) – Persian Gulf Cooperation Council countries will see their economies shrink by 7.6% this year amid low oil prices and the new coronavirus crisis, a senior International Monetary Fund official said on Tuesday.
Jihad Azour, director of the IMF’s Middle East and Central Asia Department, was speaking at a virtual economic forum.