Middle East Economic Survey

VOL. LII

No 26

6-Jul-2009

SAUDI ARABIA

Samba Saudi Economic Forecast Unchanged After Subdued First Half

Saudi Arabias economic performance has remained subdued during the first half of 2009 due to the combined impact of dislocations in global financial markets and deteriorating export demand, says the 2009 Mid-Year Economic Review and Forecast published last week by Samba. Nevertheless, the non-oil economy is being supported by robust government spending, while the...