Global Investment House sees Saudi Arabia's real GDP at 3.3% this year

07 March 2012

Kuwait-based Global Investment House (Global) says Saudi Arabia has recovered from the global financial crisis of 2008 and has seen acceleration after gross domestic product (GDP) growth fell below 1% in 2009 on the back of ambitious spending plans and various public initiatives facilitated by the government, Times of Oman has reported. The International Monetary Fund expects the kingdom's economic expansion to decelerate thereon, though remaining within healthy levels posting real GDP growth of 3.3% in 2012 and average at 4.4% until 2016.

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