Saudi Economic Growth Set To Slow: IMF
Saudi Arabia’s real GDP grew by 5.1% in 2012, but this is set ease to 4% for 2013, the IMF said this week after the conclusion of Article IV consultations. Although non-oil GDP is set to rise by 5.9% this year, oil GDP will fall by 3.3%.
For 2012 Saudi Arabia benefited “from high oil prices and output, strong private sector growth, and government spending,” the IMF says. However, for the first six months...