World Bank says wars, cheap oil hurting Middle East growth
ricky lin 9 seconds
The message is very simple :-
(1) Peace no war - the karma outcome will be Prosperity, Fortune and Wealth.
(2) War no peace - the karma outcome will be Destruction, Poverty, Sufferings, Miseries.
Even wealth pile up like mountain - will be depleted and burn out in the zone of war with no peace.
Thus go for peace, make love, no war.
ricky lin 9 seconds
The World Bank said Saudi Arabia's public debt would reach 20 percent of GDP in 2017, 10 times its level of 2.2 percent in 2013.
"The richest oil exporters in the region, Saudi Arabia, Qatar, Kuwait and United Arab Emirates, have large reserves that will enable them to run deficits over the coming years, although not far beyond that," the World Bank said in the report. "At current levels of spending, and an oil price of USD 40 per barrel, Saudi Arabia will exhaust its reserves by the end of the decade."
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