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...
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