Middle East Economic Survey

VOL. LII

No 6

9-Feb-2009

REGIONAL/SAUDI ARABIA

Sambas Economic Outlook Progressively Gloomier With New Data

The Samba Financial Group outlook for global economic growth has progressively turned gloomier as new data become available, the bank says in its January Economic Monitor. We expect global growth in 2009 to be 0.5%, says the report, down from our previous forecast of 2.0%. The recovery that we currently envisage in 2010 is likely to be moderate, despite...