GCC:Gulf financial wealth could run out by 2034 without reforms, says IMF

11 Feb 2020

As global oil demand is expected to peak in the next two decades, the associated fiscal imperative could be both larger and more urgent than implied by the GCC countries' existing plans to reduce their reliance on oil and implement reforms to diversify their economies as well as fiscal and external revenues, says the International Monetary Fund (IMF).

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