Saudi Arabia's economy to grow 5 per cent in 2011 - The Economic Times

Saudi Arabia's economy is likely to grow five per cent this year, up from an earlier forecast of 3.9 per cent, as a result of the recent economic stimulus measures launched by the government.

The country's plan to spend a further USD 93 billion will boost the country's real GDP performance in 2011, Business Monitor International said.

In a new forecast of the country's economy, BMI analysts said, "the increase in public spending has led us to revise our forecasts for Saudi Arabia's fiscal position, forecasting a drop in deficit of one percent".