{
  "title": "Saudi Arabia: 2016 Article IV Consultation-Press Release; Staff Report; and Informational Annex",
  "publication": "IMF Staff Country Reports, October 13, 2016",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/saudi-arabia-2016-article-iv-consultation-press-release-staff-report-and-informational-annex-44328",
  "canonical": "https://www.imf.org/en/publications/cr/issues/2016/12/31/saudi-arabia-2016-article-iv-consultation-press-release-staff-report-and-informational-annex-44328",
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  "summary": "This 2016 Article IV Consultation highlights that real GDP growth in Saudi Arabia is expected to slow to 1.2 percent in 2016, but recover to 2 percent in 2017 as the pace of fiscal consolidation eases.",
  "publishDate": "2016-10-13",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Economic growth and outlook",
      "content": "- Real GDP growth is expected to slow to 1.2 percent in 2016.\n- Real GDP growth is expected to recover to 2 percent in 2017 as the pace of fiscal consolidation eases."
    },
    {
      "heading": "Inflation and prices",
      "content": "- Inflation has risen in recent months to more than 4 percent owing to increase in energy and water prices."
    },
    {
      "heading": "Banking sector and financial conditions",
      "content": "- Bank deposits have declined.\n- Growth of credit to the private sector remains strong.\n- Capital buffers are high.\n- Nonperforming loans are low.\n- Banks are well provisioned against loan losses."
    },
    {
      "heading": "External sector and current account",
      "content": "- The current account deficit is projected to narrow to 6.4 percent of GDP in 2016.\n- The current account is projected to move close to balance by 2021 as oil prices partial recover."
    },
    {
      "heading": "Publication metadata and topics covered",
      "content": "- Pages: 80\n- Volume: 2016\n- Issue: 326\n- Series: Country Report No. 2016/326\n- DOI: https://doi.org/10.5089/9781475539523.002\n- Stock No: 1SAUEA2016001\n- ISBN: 9781475539523\n- ISSN: 1934-7685\n- Subject keywords: Commodities, Credit, Expenditure, Fiscal consolidation, Fiscal policy, Money, Oil, Oil prices, Prices\n\nInternational Monetary Fund. Middle East and Central Asia Dept. \"Saudi Arabia: 2016 Article IV Consultation-Press Release; Staff Report; and Informational Annex\", IMF Staff Country Reports 2016, 326 (2016).\n\n---\n\n Content in this bundle\n\n- Saudi Arabia 2016 Article Iv Consultation—Press Release; Staff Report; And Informational Annex\n  - Saudi Arabia 2016 Article Iv Consultation—Press Release; Staff Report; And Informational Annex (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Saudi Arabia 2016 Article Iv Consultation—Press Release; Staff Report; And Informational Annex (PDF){rel=\"external\" type=\"application/pdf\"}\n- المملكة العربية السعودية: تقرير خبراء الصندوق في إطار مشاورات المادة الرابعة لعام ٢٠١٦ - أهم القضايا\n  - المملكة العربية السعودية: تقرير خبراء الصندوق في إطار مشاورات المادة الرابعة لعام ٢٠١٦ - أهم القضايا (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - المملكة العربية السعودية: تقرير خبراء الصندوق في إطار مشاورات المادة الرابعة لعام ٢٠١٦ - أهم القضايا (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/saudi-arabia-2016-article-iv-consultation-press-release-staff-report-and-informational-annex-44328"
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    "Published: October 13, 2016",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781475539523.002",
    "Real GDP growth is expected to slow to 1.2 percent in 2016.",
    "Real GDP growth is expected to recover to 2 percent in 2017 as the pace of fiscal consolidation eases.",
    "Inflation has risen in recent months to more than 4 percent owing to increase in energy and water prices.",
    "Bank deposits have declined.",
    "Growth of credit to the private sector remains strong.",
    "Capital buffers are high.",
    "Nonperforming loans are low.",
    "Banks are well provisioned against loan losses.",
    "The current account deficit is projected to narrow to 6.4 percent of GDP in 2016.",
    "The current account is projected to move close to balance by 2021 as oil prices partial recover.",
    "Pages: 80",
    "Volume: 2016",
    "Issue: 326",
    "Series: Country Report No. 2016/326",
    "DOI: https://doi.org/10.5089/9781475539523.002",
    "Stock No: 1SAUEA2016001",
    "ISBN: 9781475539523",
    "ISSN: 1934-7685",
    "Subject keywords: Commodities, Credit, Expenditure, Fiscal consolidation, Fiscal policy, Money, Oil, Oil prices, Prices",
    "**Saudi Arabia 2016 Article Iv Consultation—Press Release; Staff Report; And Informational Annex**",
    "**المملكة العربية السعودية: تقرير خبراء الصندوق في إطار مشاورات المادة الرابعة لعام ٢٠١٦ - أهم القضايا**"
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