COVID-19 impact: IMF forecasts negative real GDP growth for GCC in 2020

Dubai: In tandem with the global economy slipping into recession following the COVID-19, GCC economies are projected to record overall negative real GDP growth in 2020. This is according to the latest World Economic Outlook report of the International Monetary Fund (IMF). Ir has forecast global growth at –3.0 per cent in 2020, an outcome […]