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Will $2 Trillion of GCC wealth disappear?

Will $2 Trillion of GCC wealth disappear?

The IMF’s recent paper on GCC fiscal sustainability incorporates some fairly bearish fiscal assumptions. Even without further budgetary control – an eventuality considered unlikely – Dr Christopher Payne, Chief Economist at Peninsula Real Estate, estimates that sovereign financial wealth would likely last another 25 years rather than the 15 years estimate that was widely publicised.

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