Financial and Banking News


OECD and ERIME Forecast Declining OPEC Deficit in 1985 

The Organization for Economic Cooperation and Development (OECD) has published forecasts of OPEC's aggregate current account which indicate a substantial improvement over previous years. In the June issue of the OECD's Economic Outlook, a deficit of $10bn in 1984 is forecast to decline to $4bn in 1985 and to remain at this level during 1986. The OPEC countries' exports...