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...