Oman, Bahrain may be vulnerable to a rating downgrade if the coronavirus outbreak lasts longer than expected: S&P Global Ratings
alone, OPEC revised its demand forecast down by 0.2 million barrels a day for the first half of 2020.After the Lunar New Year holiday in late January, many businesses in China extended their closures in a bid to control the virus situation.
"If you exclude the investment proceeds from the sovereign wealth funds, every single Gulf economy is running pretty substantial underlying fiscal deficits," he added. "You have pretty high breakeven oil prices," he said, singling out Oman and Bahrain. "They do stand out."
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'Chernobyl-like' response by China means 'worst is yet to come' for coronavirus, Raymond James saysRaymond James warned that the 'worst is yet to come' as the coronavirus outbreak rages on.
Read more »
Latest on coronavirus spreading in China and beyondHere are the latest developments around the coronavirus outbreak:
Read more »
Fashion house Chanel cancels Beijing show due to coronavirusChanel has cancelled a show in China in May due to the coronavirus outbreak, the...
Read more »
Recession risk forces BOJ to row back on inflation goalThe widening economic fallout from the coronavirus outbreak and soft consumption...
Read more »
Factbox: Latest on coronavirus spreading in China and beyondHere are the latest developments around the coronavirus outbreak:
Read more »
Factbox: Latest on coronavirus spreading in China and beyondHere are the latest developments around the coronavirus outbreak:
Read more »