CLEAN : Gulf should adjust to new oil price reality: IMF

The video discusses the economic challenges faced by countries due to lower oil prices. It highlights the need for fiscal adjustments and strategic planning to balance spending and maintain investor confidence. GCC countries are noted for their financial savings, which position them well to handle the current economic shock.

What financial achievement is highlighted in the first section regarding the past five years?

• Savings of $650 billion

• An increase in oil production

• A rise in global oil demand

• A reduction in oil prices

What is the projected oil price range by 2020 according to the second section?

• High 80s

• Low and mid 60s

• Low 50s

• High 70s

What is the main focus of the fiscal adjustments discussed in the second section?

• Increasing oil production

• Enhancing oil exploration

• Reducing oil imports

• Balancing spending with lower oil prices

How have GCC countries prepared for the current lower oil prices?

• By increasing oil exports

• By diversifying into renewable energy

• By building financial savings during high oil prices

• By reducing oil production

What advantage do GCC countries have in facing the current economic challenges?

• Increased foreign investments

• Advanced oil extraction technology

• Strategic financial savings

• Higher oil reserves