Monday, April 25, 2016

Mideast Oil Losses 1/2 Trillion $

By Micah Halpern

I've Been Thinking:

The International Monetary Fund (IMF) has revised its assessment of Mideast oil production profits and losses.

The IMF is an international agency whose objective is to stimulate international economic growth. The IMF loans money and directs money. Its' assessments on profits and losses is essential in plotting and anticipating investments.

Originally the IMF said that gulf oil exports should anticipate a $360 billion drop in profits. They have revised that number to $390 billion.

In addition, the IMF is predicting a half trillion dollar reduction of profits for next year.

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