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20151021_saudi.jpg (957×500)

Saudi Arabia Will Be Broke In 5 Years, IMF Predicts

Comments

DollarDollar
Masood Ahmed, director of the IMF's Middle East and Central Asia Department speaking with the Wall Street Journal: 
•Middle Eastern oil exporters face a combined $1 trillion budget shortfall in the next five years if crude prices stay at present lows and economic reforms aren't introduced more rapidly 
•oil-rich countries have the capacity to borrow more from the markets, but ... most countries in the region will have burned through their reserves within five years 
10/21/15
BallistaBallista
Wait so you believe what the IMF says but think the Federal Reserve is a bag of no nothing dicks? 10/21/15
moneymiser21moneymiser21
HAH! They'll start a war before that 10/21/15
10/21/15
Holy Hand GrenadeHoly Hand Grenade
Perhaps, but they will be dead from heat stroke: http://www.nytimes.com/2015/10/27/science/intolerable-heat-may- hit-the-middle-east-by-the-end-of-the-century. html?ref=todayspaper&_r=0 10/27/15
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