The outlook for Saudi Arabia's economy is positive as it confronted the global financial crisis handily, the International Monetary Fund said on Friday, noting gross domestic product not related to oil will likely grow 4.5 percent this year.
The fund's executive board also said the country's banking system is fundamentally sound, and the credit outlook has recently improved.
But the board, which had bilateral discussions with Saudi Arabia in July, said 'vulnerabilities remain, especially from the volatility of oil prices.'"
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