Good Luck Saudi Arabia, You're Going To Need It |
November 21, 2016 | November 2016 Bond Updates |
Saudi Arabia's days as global oil markets leader is slipping through its fingers and there's little they can do to stop the pain other than a substantial oil production cut, which is unlikely. Problems ranging from historically high budget deficits of nearly $100 billion, to politically unpopular austerity measures will continue in the kingdom if oil prices don't find a floor and trend upward soon. |
View more at: http://www.forbes.com/sites/timdaiss/2016/11/21/good-luck-saudi-arabia-youre-going-to-need-it/ |
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