Author Topic: Saudi Arabia could be bankrupt by 2020 – IMF (Read 1994 times)

MyselF GhainT · « **on:** November 09, 2015, 08:35:28 AM »

The Middle East’s biggest economy, Saudi Arabia may run out of financial assets within the next five years if the government maintains its current policies, warns the International Monetary Fund.
Saudi Arabia is expected to run a budget deficit of 21.6 percent in 2015 and 19.4 percent in 2016, according the IMF’s latest regional economic outlook.

The country needs to adjust spending, the IMF urged.

The IMF outlined two key factors shaping the region’s outlook. They are spreading and deepening regional conflicts and slumping oil prices.

The conflicts have given rise to large numbers of displaced people and refugees, on a scale not seen since the early 1990s, according to the report.

“Achieving fiscal sustainability over the medium-term will be especially challenging given the need to create jobs for the more than 10 million people anticipated to be looking for work by 2020 in the region’s oil exporting countries,” IMF Middle East and Central Asia Department Director Masood Ahmed told journalists after the report’s unveiling in Dubai.

According to the research, many experts suggest low oil prices will remain in place for the foreseeable future.

https://www.rt.com/business/319465-saudi-bankrupt-projection-imf/

Punjabi Janta Forums - Janta Di Pasand · « **on:** November 09, 2015, 08:35:28 AM »

♥ ѕαя∂αяηι ♥ · « **Reply #1 on:** November 09, 2015, 11:29:14 AM »

sachiiiiiiii !!!!!!!!!! :sad: :sad:

-ιŁŁтι.Jค┼┼_ · « **Reply #2 on:** November 09, 2015, 04:09:45 PM »

kush nai hunda onu nu

sari gas ta ona kol a

MyselF GhainT · « **Reply #3 on:** November 10, 2015, 06:05:40 AM »

Quote from: ♥ ਮਰਜਾਣੀ ਮਿੱਠੀ ਜਿਹੀ ♥ SardarNi on November 09, 2015, 11:29:14 AM

sachiiiiiiii !!!!!!!!!! :sad: :sad:

y u sad :D:

♥Simmo♥ · « **Reply #4 on:** November 11, 2015, 03:15:44 AM »

Arabs are way too money hungry to go bankrupt :D:

♥ ѕαя∂αяηι ♥ · « **Reply #5 on:** November 11, 2015, 12:15:51 PM »

Quote from: MyselF GhainT on November 10, 2015, 06:05:40 AM

y u sad :D:

bs eve hi.. :D: :D: :D:

Author Topic: Saudi Arabia could be bankrupt by 2020 – IMF (Read 1994 times)

MyselF GhainT

Saudi Arabia could be bankrupt by 2020 – IMF

Punjabi Janta Forums - Janta Di Pasand

Saudi Arabia could be bankrupt by 2020 – IMF

♥ ѕαя∂αяηι ♥

Re: Saudi Arabia could be bankrupt by 2020 – IMF

-ιŁŁтι.Jค┼┼_

Re: Saudi Arabia could be bankrupt by 2020 – IMF

MyselF GhainT

Re: Saudi Arabia could be bankrupt by 2020 – IMF

♥Simmo♥

Re: Saudi Arabia could be bankrupt by 2020 – IMF

♥ ѕαя∂αяηι ♥

Re: Saudi Arabia could be bankrupt by 2020 – IMF

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