Shiny skyscrapers and sprawling shopping malls in Gulf countries may become remnants of a prosperous past. The pandemic and low oil prices have turned the rich oasis into a mirage. Now, the IMF expects a steep economic slump in 2020. WION's Palki Sharma tells you more.

Gravitas: Oil Not Gulf's Golden Goose Anymore

Hit by the coronavirus pandemic the Gulf Cooperation Council popularly known as GCC will see their economies shrink by 7.6%. Watch report.

Gulf economies to shrink: IMF revises down economic outlook

gulf-covid-19

Gulf Covid 19, News on Gulf Covid 19, stories on Gulf Covid 19, articles on Gulf Covid 19, Gulf Covid 19 stories at Wion, Gulf Covid 19 news, Gulf Covid 19 latest news

gulf covid-19

Gravitas: Oil Not Gulf's Golden Goose Anymore

Gulf economies to shrink: IMF revises down economic outlook