Financial and Banking News


IMF Forecasts Persistent Oil Exporters' Deficits 

According to the World Economic Outlook of the International Monetary Fund (IMF) which was published in April, the eight principal Middle Eastern oil exporters (MEOEs) will continue to experience a deficit in their collective current account balance both in 1985 and in 1986.

The IMF's figures, which are summarized above show a peak current account surplus of nearly $100bn in...