Middle East Economic Survey

VOL. LIII

No 31

2-Aug-2010

REGIONAL

IMF Says GCC Should Prepare For Exit Strategy From High Spending Levels

Fiscal stimulus has been successful in dampening the impact of the global crisis on non-oil growth, but the Gulf Cooperation Council (GCC) countries should prepare for an exit strategy from current high spending levels, to ensure long-term fiscal sustainability, which would be implemented once conditions allow, the IMF said on 21 July in a report entitled Impact...