20.12.2010 - Saudi economy to grow 3.7pct in 2011, credit market still weak
From Khaleejtimes.com: Saudi Arabia, the Middle East’s largest economy, is expected to see gross domestic product growth of 3.7 per cent in 2011, on the back of higher public spending and improving business confidence, but ongoing weakness in the domestic credit markets still poses risks, senior bankers at Morgan Stanley said. “Our 2011 economic outlook for Saudi Arabia is fairly positive. We expect GDP growth of 3.7 per cent in 2011, based on an expected expansion of 1.5 per cent in the oil sector and 4.6 per cent in the non-oil sectors,” Mohamed Jaber, Vice-President and Chief Economist at Morgan Stanley International, said at a recent roundtable discussion in Dubai..............................................Full Article: Source
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