Saudi Arabia’s economy will expand 4.5 per cent this year as increased public expenditure paves the way for sustained economic recovery, the US investment bank Goldman Sachs forecasts.
Strong balance sheets in the banking and household sectors should also help to ensure that the kingdom outperforms most other GCC members, Goldman said in a research note.
“Saudi authorities currently have considerable fiscal resources at hand, which would enable them to support the economy and ensure that recovery is sustained through 2010,” said Ahmet Akarli, an economist at Goldman Sachs.
No comments:
Post a Comment