Middle East Economic Survey

VOL. LIII

No 8

22-Feb-2010

SAUDI ARABIA

Jadwa Sees Government Spending Pushing Saudi Economic Growth In 2010

The Saudi economy is likely to improve this year with real GDP growth projected at 3.8%, largely on the back of high government spending, according to Jadwa Investments 2010 economic outlook for the Kingdom. The current account surplus is likely to widen, with Jadwa also forecasting a budget surplus of $15bn, compared to the $70bn deficit outlined...