Middle East Economic Survey
VOL. LIV
No 52
26-Dec-2011
SAUDI ARABIA
RC Sees Downside Risk Increasing For Saudi Economy
Saudi economic downside risk has increased due to elevated uncertainty in the Eurozone debt crisis and downward revisions of global growth expectations, according to Riyad Capital (RC). In its 19 December Monthly Economic Report, the bank said that despite the passing of Hajj that provided some seasonal boost, we still expect some positive boost to economic activity due to...
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