Economics & Finance

The Middle East’s largest economies have long sought to reduce their dangerous dependency on oil revenues, with Saudi Arabia’s high-profile Vision 2030 just the latest in a long list of such strategies. Even the region’s smaller economies have fallen into the trap of heavily subsidizing fuels and electricity, and are increasingly struggling with the financial impact.

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1: Qatar'S GDP Growth* Was Lethargic Even Before This Year's Covid-Slump

2: Qatar Government Revenues Fell To A Three-Year Low In 3Q 2020 ($Bn)

1: Algeria’s Fiscal Deficit Is Set For A Hefty Rise In 2020 (% Of GDP)

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