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Gulf economies to shrink by 7.6% this year, says IMF
Gulf Cooperation Council (GCC) countries will see their economies shrink by 7.6 percent this year, an International Monetary Fund (IMF) official said on Tuesday, revising downwards April forecasts of nearly 3 percent. The six GCC nations are, with varying degrees, facing steep economic declines as the slowdown in business activity…
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Click here to read the full story: Arab News