Middle East Economic Survey

VOL. LIII

No 25

21-Jun-2010

SAUDI ARABIA

Saudi Economy Remains Sound Despite Global Uncertainties, Says BSF

Saudi Arabias economic outlook has changed minimally compared with six months ago, Banque Saudi Fransi (BSF) said in a 14 June report. BSF maintains its GDP growth forecast at 3.9% for 2010, climbing to 4.2% in 2011. However, it cut its oil sector expansion forecast to 3.6%, while raising the projection for government sector GDP growth to 4.6%. Government financed...