Middle East Economic Survey

VOL. LIV

No 49

5-Dec-2011

SAUDI ARABIA

RC Sees Saudi GDP Boosted By Government Spending And Then By Oil Prices

The Saudi economy is pulling back from the government spending boost of March and April this year, according to Riyad Capital (RC). In its Quarterly Saudi Economic Report of 28 November, RC says that the stimulus package (MEES, 28 March) created large increases in the Saudi monetary base, in Saudi Arabian Monetary Agency (SAMA) foreign assets and money...