Middle East Economic Survey

VOL. LIII

No 36

6-Sep-2010

SAUDI ARABIA

Prudent Fiscal Policy Helped Saudi Economy Weather The Crisis, Says IMF

Saudi Arabias prudent fiscal policy provided the fiscal space to respond forcefully to the global crisis, said the International Monetary Fund (IMF) in concluding the 2010 Article IV Consultation with Saudi Arabia on 12 July. The outlook remains broadly positive although vulnerabilities remain, especially from the volatility of oil prices, the IMF added....