Saudi Arabia: 2017 Article IV Consultation-Press Release; and Staff Report
IMF Staff Country Reports, October 5, 2017
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- Saudi Arabia: 2017 Article IV Consultation-Press Release; and Staff Report
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Bibliographic details
- Published: October 5, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484323175.002
Summary of main findings
- The report highlights Saudi Arabia’s launch of a bold reform program under Vision 2030, announced in 2016.
- The authorities have made considerable progress in initiating the implementation of their ambitious reform agenda.
- Non-oil growth is projected to pick up to 1.7 percent in 2017.
- Growth is expected to strengthen over the medium term as structural reforms are implemented.
- Employment growth has weakened.
- The unemployment rate among Saudi nationals has increased to 12.3 percent.
- The fiscal deficit is projected to narrow substantially in the coming years.
Risks and uncertainties
- Risks mainly come from uncertainties about future oil prices.
- Additional risk arises from questions about how the ongoing reforms will affect the economy.
Thematic focus areas (as presented)
- Energy prices
- Expenditure
- Fiscal consolidation
- Fiscal policy
- Oil prices
- Prices
Publication metadata (selected)
- Pages: 84
- Volume: 2017
- Issue: 316
- Series: Country Report No. 2017/316
- DOI: https://doi.org/10.5089/9781484323175.002
- ISBN: 9781484323175
- ISSN: 1934-7685
Saudi Arabia: 2017 Article IV Consultation-Press Release; and Staff Report
Content in this bundle
- Country Report