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The International Monetary Fund puts a forecast on oil prices this year

yota691

By yota691,
in Iraq & Dinar Related News

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yota691

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An official at the International Monetary Fund painted a bleak picture of the economies of the Gulf Cooperation Council countries this year, in light of the Corona crisis and the decline in oil prices in global markets.

A fund official said the economies of the Gulf Cooperation Council states (Saudi Arabia, Oman and the UAE) Kuwait And Diameter And the two seas There will be a 7.6% contraction this year.

The official also indicated that oil prices are expected to reach $ 40-50 in 2020.
 

Faced Gulf countries An economic decline this year in light of a pandemic Corona Virus, Which has weakened global demand for crude, and measures to contain the virus that have hurt the non-oil economy.
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