Middle East Economic Survey
VOL. LIII
No 21
24-May-2010
SAUDI ARABIA
Higher Government Outlays Help Saudi Economy But Lending Still Hindered, Says BSF
Improvements in Saudi Arabia’s economic outlook have been set in motion by sizeable government spending outlays, but bank lending has yet to take a consequential role in shoring up the recovery process, says Banque Saudi Fransi (BSF) in an 18 May report. “A factor hindering a bank credit recovery is the project...
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