Middle East Economic Survey
VOL. XLVIII
No 32
8-August-2005
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...
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