VOL. XLV

No 51/52

23/30-December-2002

SAUDI ARABIA

SBB Forecasts Saudi Arabias GDP To Climb 1% in 2003

Saudi Arabias GDP will climb 1% in 2003 with nominal GDP (current prices) remaining stable during the year, according to a study published recently by Saudi British Bank (SBB) entitled Prospects for the Saudi Economy: 2003. Contributing to a steady, albeit small, GDP growth will be the political necessity of keeping oil prices at reasonable levels to sustain government revenues, which will...