It takes the average reader 1 hour and 21 minutes to read Impact of the Global Financial Crisis on the Gulf Cooperation Council Countries and Challenges Ahead. by Ms.May Y Khamis
Assuming a reading speed of 250 words per minute. Learn more
This paper focuses on impact of the global financial crisis on the Gulf Cooperation Council (GCC) Countries and challenges ahead. The oil price boom led to large fiscal and external balance surpluses in the GCC countries. However, it also generated domestic imbalances that began to unravel with the onset of the global credit squeeze. As the global deleveraging process took hold, and oil prices and production fell, the GCC’s external and fiscal surpluses declined markedly, stock and real estate markets plunged, credit default swap spreads on sovereign debt widened, and external funding for the financial and corporate sectors tightened. In order to offset the shocks brought on by the crisis, governments—buttressed by strong international reserve positions—maintained high levels of spending and introduced exceptional financial measures, including capital and liquidity injections. The immediate priority is to complete the clean-up of bank balance sheets and the restructuring of the nonbanking sector in some countries. Clear communication by the authorities would help implementation, ease investor uncertainty, and reduce speculation and market volatility.
Impact of the Global Financial Crisis on the Gulf Cooperation Council Countries and Challenges Ahead. by Ms.May Y Khamis is 79 pages long, and a total of 20,461 words.
This makes it 27% the length of the average book. It also has 25% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 51 minutes to read Impact of the Global Financial Crisis on the Gulf Cooperation Council Countries and Challenges Ahead. aloud.
Impact of the Global Financial Crisis on the Gulf Cooperation Council Countries and Challenges Ahead. is suitable for students ages 10 and up.
Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.
When deciding what to show young students always use your best judgement and consult a professional.
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