GLOBAL PERSPECTIVES

Year-on-Year Deficits Brewing in Gulf Economies

MIN READApr 24, 2019 | 10:00 GMT

Containerships in Saudi Arabia's Jeddah Islamic Port. Most Gulf Arab states will post fiscal deficits in 2019, and growth in some economies will decelerate.

(ROSLAN RAHMAN/AFP/Getty Images)

More spending, low growth and recurring deficits are not a recipe for long-term economic sustainability, but this concoction may be a necessary pill for Gulf states to swallow as the hard work of economic reform sets in....

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