Samba Projects Fall In Saudi Real GDP Growth In 2013-15
Saudi Arabia’s real GDP growth is projected to fall to 3.3% in 2013-15 from the very high rates of 7% in 2012 and 8.5% in 2011, Samba said in its latest update on the Saudi economy. The main reason for the slowdown is the fall in the contribution of the oil sector to GDP. Samba said that one of the main growth drivers in 2011 was crude oil output, which was ramped up to offset declines in Libyan...
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