Rising oil prices and austerity packages have improved the growth prospects of Gulf Cooperation Council (GCC) countries but more reforms are needed, according to the International Monetary Fund (IMF).
In its latest Regional Economic Outlook for the Middle East and Central Asia, the IMF said oil-producing GCC members would see their budget deficits shrink as austerity, taxes and stable oil prices began to take effect.
☛ Want to stay up to date with the news? Sign up to our daily bulletin.
Receive email job alerts from Supply Management Jobs click here >
Not a CIPS member? Why not join CIPS to access a full range of benefits, including:
And much more. Click here to join >