Middle East Economic Survey

VOL. LIII

No 3

18-Jan-2010

SAUDI ARABIA

Saudi Economy Will Grow By 3.9% In 2010, According To Banque Saudi Fransi

Saudi economic growth will accelerate to 3.9% in 2010 on the back of strong government spending and recovery in the private sector, according to a Banque Saudi Fransi (BSF) report published on 13 January. A smaller than anticipated decline of 6.4% in oil sector output enabled GDP to grow in 2009 as most major world economies fell into recession. Inflation...