HSBC cuts GDP outlook for 13 oil exporters from Russia to U.A.E.

DUBAI - The plunge in oil prices prompted HSBC Holdings PLC to cut this year’s economic outlook for 13 crude exporters across central, eastern Europe and the Middle East as public spending drops. Economic growth in the grouping will slow to 1.8 percent, compared with an estimate of 2.6 percent in October, the London-based bank…

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