#Saudi economy warms up as private spending rises

Saudi economy warms up as private spending rises:

Rising private sector consumption and government fiscal stimulus measures are expected to give a boost to the Saudi economy, according to new research from Bloomberg Economics.

It expects non-oil growth to average 2.6 percent this year, up from 2.1 percent in 2018, helped by fiscal stimulus, a lower drag from monetary policy and more spending by the public.

But it is not year clear if the pickup will help to reduce the budgetary deficit.