Healthy second quarter economic growth
Macroeconomic ReportQuarterly economic growth data has been published for the first time in the Kingdom. It shows that the economy grew by 15.2 percent year-on-year in nominal terms in the second quarter of 2010. Growth in the non-oil private sector was 6.2 percent.
The Saudi economy in 2010
Macroeconomic ReportThe Saudi economy is expected to improve in 2010. High government spending will be the main engine of growth, with the private sector making a greater contribution as credit conditions improve.
Saudi economy: On the brink of recovery
Macroeconomic ReportRecent data suggest that the worst is now over for the Saudi economy and based on our assumption that external conditions will continue to get better, we expect a sustainable recovery to take hold in the fourth quarter.
The Saudi Economy’s Golden Era: Phase Two
Macroeconomic ReportThe growth driver of Saudi Arabias four-year-old boom is shifting from rising oil revenues to private sector activity, marking a new phase in a period of sustained high growth in the Saudi economy. Over the years to 2010, spending will pick up, cutting fiscal and trade surpluses, but inflation will remain relatively low. The positive macroeconomic backdrop should result in steady gains in share prices.
Royal decrees, regional unrest and the Saudi economy
Macroeconomic ReportThe Middle East is going through a period of turmoil that is affecting the economies of all countries in the region, regardless of whether they have touched by unrest. In response, oil prices have shot up and foreign investors have become more cautious. At the same time, two royal decrees have been issued in the Kingdom that entail large new spending commitments.
