Saudi Arabia : 2017 Article IV Consultation-Press Release; and Staff Report
Electronic Access:
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Summary:
Saudi Arabia has embarked on a bold reform program under Vision 2030. Reform momentum is strong, and good progress is being made in reform implementation. Saudi Arabia has reduced oil production under the OPEC+ agreement. Non-oil growth is expected to pick-up this year, but overall GDP growth will be close to zero given the decline in oil production. Growth is expected to strengthen over the medium-term as structural reforms are implemented. Risks mainly come from uncertainties about future oil prices and how ongoing reforms will impact the economy.
Series:
Country Report No. 17/316
Subject:
Article IV consultation reports Balance of payments statistics Bank supervision Currency pegs Economic indicators Fiscal consolidation Fiscal policy Labor market reforms Oil prices Press releases Saudi Arabia Staff reports
English
Publication Date:
October 5, 2017
ISBN/ISSN:
9781484323175/1934-7685
Stock No:
1SAUEA2017001
Format:
Paper
Pages:
84
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