| The decline in oil prices has had limited impact on the economy of Saudi Arabia so far, despite lower exports and fiscal revenues, according to the International Monetary Fund (IMF). The international financing agency, which completed its 2015 Article IV mission to Saudi Arabia, said the economy will grow at a healthy 3.5% rate in 2015, unchanged from 2014, with an increase in oil production and continued government spending expected to support the economy.
"The decline in oil prices is resulting in substantially lower export and fiscal revenues, but the effect on the rest of the economy has so far been limited," said Tim Callen, who led the IMF mission to Saudi Arabia...............................................Full Article: Source
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