Monday 22 October 2012

Saudis enjoy economic miracle - The National

Vast injections of economic stimulus and quantitative easing have so far failed to pull the US, European and Asian economies back to full-throttle growth.

But in one country, government intervention in the economic and financial system has had a dramatic, positive effect.

Saudi Arabia's economy is expanding on all fronts, it seems, as the huge US$130 billion (Dh477.5bn) stimulus package announced early last year flows through to the real economy. The nation is booming.

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