Sunday 29 April 2018

BMI Research upbeat on Saudi Arabia's economic rebound this year - The National

BMI Research upbeat on Saudi Arabia's economic rebound this year - The National:

"The Saudi Arabian economy, the biggest in the Arab world, is poised to grow by 1.6 per cent this year amid a rebound in oil prices and an easing of fiscal austerity, according to BMI Research. Private sector activity, however, will regain traction at a slower pace as the introduction of VAT weighs on business confidence in the first half of the year. “The Saudi economy will recover in 2018, as continued gains in oil prices support the government’s move towards a more expansionary fiscal policy in turn boosting consumption in the kingdom,” BMI said in a report."



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