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

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Gravitas: Oil Not Gulf's Golden Goose Anymore

Gulf economies to shrink: IMF revises down economic outlook