CLEAN : IMF chief urges Gulf to adapt to sustained oil price drop

The video discusses the persistence of oil prices and the necessity for GCC countries to undertake fiscal adjustments. It emphasizes the importance of implementing measures now to ensure future economic stability, with variations in urgency and size depending on each country.

What is the main topic introduced at the beginning of the transcript?

• A scientific discovery

• A press conference

• A sports event

• A new educational policy

What is expected to remain stable for several years according to the speaker?

• The value of currency

• The stock market

• The price of oil

• The price of gold

What action should GCC countries take in response to oil price levels?

• Expand agricultural exports

• Increase tourism

• Invest in technology

• Undertake fiscal adjustment

Why is it important for GCC countries to implement fiscal measures now?

• To increase foreign investments

• To have an impact in the future

• To improve current economic conditions

• To compete with neighboring countries

How does the urgency of fiscal adjustments vary among GCC countries?

• It is the same for all countries

• It varies depending on the country

• It is not urgent for any country

• It is only urgent for oil-importing countries