VOL. XLIV

No 45

5-November-2001

SAUDI ARABIA

NCB Forecasts Saudi EconomicSlowdown In 2002 With GDP Growth Of 1.4%

The fluctuation in oil prices thathas resulted from the recent terror attacks in the US is likely to have themost significant impact on the Saudi economy in the short to medium-term,according to National Commercial Banks (NCB) Economics Department, althoughfor the year 2001 the effects will be mitigated by the fact that most Saudioil transactions take place on a contractual basis with...