Macroeconomic Forecast Saudi Arabia

February 2008 | Macroeconomic Forecasts

We expect real GDP growth to pick up in 2008 and 2009, coming in around 4.3% and 4.5% respectively, on the back of strong growth in the non-oil sector. The oil sector is also set to perform well, and we expect rising oil export revenues to buoy the Kingdom's current account surplus.

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