Middle East Economic Survey

VOL. LIII

No 23

7-Jun-2010

SAUDI ARABIA

Riyad Capital Says Second Phase Of Financial Crisis Expected To Worsen

The current second phase of the global financial crisis is likely to worsen in the next two-three months, according to Riyad Capital. In a report published on 1 June, the Saudi bank states that the Saudi economy is expected to weather the crisis. Underlying fundamentals are still good, says the report, but oil prices can fall again if the Greek crisis spreads...