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20151021_saudi.jpg (957×500)
Saudi Arabia Will Be Broke In 5 Years, IMF Predicts
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Saudi Arabia Will Be Broke In 5 Years, IMF Predicts
•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