VOL. XXXII
NO. 12/13
26-DEC-1988/2 JAN1989
Financial and Banking News
BUDGETS AND REVENUES
Widening GCC Current Deficit Forecast for 1989
A recent forecast by the London-based consultants Paul Barker Associates (PBA)has predicted that the aggregate current account deficit of the six memberstates of the Gulf Cooperation Council (GCC) will widen from $4.41bn in 1988 to$5.73bn even under optimistic oil market assumptions. Under a more pessimisticsenario, the aggregate deficit will widen to $7.19bn,...
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