GCC economies expected to shrink by 7.6% this year - IMF

Jihad Azour, director of IMF's Middle East and Central Asia Department, was speaking at a virtual economic forum

  
Jihad Azour, the IMF's Director of the Middle East and Central Asia, speaks during interview with Reuters television in Beirut, Lebanon, July 12, 2018.

Jihad Azour, the IMF's Director of the Middle East and Central Asia, speaks during interview with Reuters television in Beirut, Lebanon, July 12, 2018.

REUTERS/Jamal Saidi

DUBAI- Gulf Cooperation Council (GCC) countries will see their economies shrink by 7.6% this year amid low oil prices and the new coronavirus crisis, a senior International Monetary Fund official said on Tuesday.

Jihad Azour, director of the IMF's Middle East and Central Asia Department, was speaking at a virtual economic forum.

(Reporting by Davide Barbuscia, Marwa Rashad; Editing by Alex Richardson) ((Davide.Barbuscia@thomsonreuters.com; +971522604297; Reuters Messaging: davide.barbuscia.reuters.com@reuters.net))

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