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Oil exporters will have to adjust to low oil prices – IMF’s Lagarde

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 22, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Washington based International Monetary Fund’s (IMF) Chief Christine Lagarde is on the wires now, speaking in Abu Dhabi.

    Key Quotes:

    Oil exporters will have to adjust to low oil prices

    Need to adjust by reducing spending and increasing revenue

    Confident that GCC (Gulf Co-operation Council) can make large fiscal adjustments as they've done in the past
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