Saudi GDP growth of 2.3% in 2016 slowest since 2009 - Saudi Gazette:
"Moderation in the Saudi business cycle is the most likely outcome over a five-year forecast horizon with real GDP expected to average below 3% per annum, the National Commercial Bank (NCB) said on its “Saudi Arabia’s 2016 Budget Report” issued Tuesday a day after the announcement of the new Saudi budget.
As for 2016, the NCB report projected a real GDP growth of 2.3%, the slowest pace since 2009.
The oil sector will be a drag especially with no expected increase in crude production that will stabilize around 10.2 mmbd."
'via Blog this'
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