Saudi Arabia's gross domestic product (GDP) is expected to grow 6.8 per cent in 2012 due to the government’s expansionary fiscal stance, the Kingdom’s finance minister Ibrahim Al-Assaf told reporters at the World Economic Forum on Thursday.
Speaking to Dow Jones Newswires at the Swiss resort of Davos, Al-Assaf said Saudi Arabia's economy is "isolated" from the current global economic turmoil and that the EU has not approached his country for financial help.
He added that the kingdom has a preference for oil prices to settle around $100 to the barrel.
No comments:
Post a Comment