Middle East Economic Survey


No 32


Saudi Arabia

Samba Predicts 2005 Record Growth For Saudi Economy

Samba, in The Saudi Economy at Mid-Year 2005 report just published, predicts 2005 to be the best year in the kingdoms economic history, with a forecast growth in nominal GDP of 26% and insignificant domestic inflation. Oil revenues, the government budget surplus and the current account surplus will be exceptionally high due to high oil prices and production levels. This...