Saudi economy to rise 4.5%, says Goldman Sachs

06 January 2010

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.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.