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I. Middle Eastern Oil Exporters: Continued Spending Supports the Global Economy

I. Middle Eastern Oil Exporters: Continued Spending Supports the Global Economy »

Chapter

Source: Regional Economic Outlook, May 2009, Middle East and Central Asia

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 May 2009

ISBN: 9781589068421

Keywords: oil exporters, exporters, oil importers, exchange rate, balance sheets

The global crisis has affected the MEOEs mainly through the sharp fall in oil prices and the tightening of credit conditions. Despite the decline in oil revenues, most countries of the group are maintaining...