Macroeconomic Forecast Saudi Arabia

March 2007 | Macroeconomic Forecasts

Despite 2006 growth coming below expectations, and a further dip in the rate of economic expansion anticipated for this year, we remain confident on the Saudi economic outlook, owing to healthy current account and budget surpluses as well as ongoing diversification efforts. Growth should average over 4% annually over the forecast period, though inflationary pressures remain a concern. The cost of living index released by SAMA came in at 2.7% y-o-y in December.

If you would like to subscribe to Middle East Monitor, The Gulf and gain instant access to this article, please click here to subscribe.

If you would like to take a trial to Middle East Monitor, The Gulf please click on the trial link below.