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Saudi economy to rise 4.5%, says Goldman Sachs

A new report by Goldman Sachs says the Saudi economy will grow 4.5% in 2010, as public spending and the strength of the banking and household sectors boost the recovery, Bloomberg has reported. 'The 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,' Ahmet Akarli, a London-based economist at Goldman Sachs, said.

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