With oil cheap, Arab states cannot balance their books

The Economist

Photo by John R Perry on Pixabay
Pohto by John R Perry on Pixabay

While countries around the world adopt cleaner sources of energy, Covid-19 has given the Middle East and North Africa a taste of the future as the region’s energy exporters are expected to earn about half as much oil revenue than they did in 2019: the IMF reckons their economies will shrink by 7.3%



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