Gulf economies to shrink 7.6% over virus, oil slump – IMF

  • 📰 rapplerdotcom
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 86%

Philippines Headlines News

Philippines Latest News,Philippines Headlines

The International Monetary Fund's 2020 projection for the 6-nation Gulf Cooperation Council dramatically worsens.

that supply nearly a fifth of the world's crude, are also expected to decline by $200 billion in 2020, said Jihad Azour, director of the IMF's Middle East and Central Asia Department.

Azour however predicted a faster rebound in 2021 as Gulf economies grow by 2.5% –"a full 10% turnaround."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in PH

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Argentina economy tanks in April 2020 as virus bitesArgentina's gross domestic product falls by over 26% in April 2020, with construction the worst-hit industry. Kasalanan ng DDS yan So kasalanan na naman ni Duterte? Comment na lang ako para naman di sayang post ninyo. LOL
Source: rapplerdotcom - 🏆 4. / 86 Read more »

Senators: Gov’t ‘mishandling’ led to fast rise in PH virus casesMANILA, Philippines — The World Health Organization (WHO) report that the Philippines had the fastest rise in new coronavirus cases in the Western Pacific region in the past two weeks was the
Source: cebudailynews - 🏆 8. / 71 Read more »

Virus death toll passes 500,000 as U.S. and Brazil cases surgeUPDATED. The global death toll from the coronavirus pandemic has topped half a million, as surging cases in Latin America and the United States prompted some authorities to reconsider lifting lockdown measures.
Source: rapplerdotcom - 🏆 4. / 86 Read more »

WHO is sending a team to China to research 'how the virus started'The World Health Organization is sending a team to China to better understand how coronavirus started After how many months... weh? it should be CIA, MI6 or the KGB. this is not an ordinary case
Source: CNN Philippines - 🏆 13. / 63 Read more »

Amid search for virus origin, WHO says sending team to China 'next week'
Source: ABSCBNNews - 🏆 5. / 83 Read more »

High numbers in WHO report credited to spike in virus cases in Visayas, ramped-up testingMANILA, Philippines — The increase in the number of COVID-19 cases in Central Visayas, combined with the government’s ramped-up testing capacities are the reasons behind the big numbers logged by KAguilarINQ They are right. Let us not offer alibis and give wrong figures. Let us do something right and better. We can still do it. KAguilarINQ Haha! Parang they just rephrased yung claim ng isa pang leader ng isang country days before... kaya daw tumataas ang cases kasi nag-increase ang testing. So kung noon pa pala marami ng na-test mataas na rin talaga ang number of cases. KAguilarINQ Ang pamahalaan na ito panay depensa na lang. Kasi mali mali ang ginagawa.
Source: inquirerdotnet - 🏆 3. / 86 Read more »