Bahrain & Oman Most Vulnerable to Weak Oil

published:28/06/2017 06:17 GMT

Bahrain and Oman are among the most vulnerable oil exporters in the world amid the latest weakness in crude prices, according to a new research note from Bank of America Merrill Lynch. It said many frontier markets remain highly vulnerable - especially to oil price weakness - as fixed exchange rates and lack of policy capacity delayed the adjustment. The research note said Bahrain was most vulnerable among the 68 economies the bank covers because it has the largest fiscal deficit, while Oman...More