Macroeconomic Update – August 2021: (The Saudi economy: on a very firm footing)
Macroeconomic ReportBoth actual and flash estimates of the Kingdoms GDP published by the General Authority for Statistics (GaStat) have shown strong non-oil sector growth in H1 2021. This combined with our expectation of continued growth in H2, has led us to upgrade our full year 2021 GDP forecast.
Macroeconomic Update – November 2020: (Not bad, all things considered)
Macroeconomic ReportA less steeper decline than expected in Q2, and a stronger recovery in Q3 has led us to revise our non-oil GDP forecast for the Kingdom in 2020. All in all, we expect non-oil GDP to decline by 2.7 percent (compared to -3 percent previously).
Inflation Update – March 2021 (Gradual rise in consumption)
Macroeconomic ReportThe latest General Authority for Statistics (GaStat) March inflation release shows that prices rose by 4.9 percent year-on-year, and declined by 0.1 percent month-on-month.
