{
  "title": "Saudi Arabia: 2017 Article IV Consultation-Press Release; and Staff Report",
  "publication": "IMF Staff Country Reports, October 5, 2017",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2017/10/05/saudi-arabia-2017-article-iv-consultation-press-release-and-staff-report-45312",
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  "summary": "This 2017 Article IV Consultation 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.",
  "publishDate": "2017-10-05",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Summary of main findings",
      "content": "- The report highlights Saudi Arabia’s launch of a bold reform program under Vision 2030, announced in 2016.\n- The authorities have made considerable progress in initiating the implementation of their ambitious reform agenda.\n- Non-oil growth is projected to pick up to 1.7 percent in 2017.\n- Growth is expected to strengthen over the medium term as structural reforms are implemented.\n- Employment growth has weakened.\n- The unemployment rate among Saudi nationals has increased to 12.3 percent.\n- The fiscal deficit is projected to narrow substantially in the coming years."
    },
    {
      "heading": "Risks and uncertainties",
      "content": "- Risks mainly come from uncertainties about future oil prices.\n- Additional risk arises from questions about how the ongoing reforms will affect the economy."
    },
    {
      "heading": "Thematic focus areas (as presented)",
      "content": "- Energy prices\n- Expenditure\n- Fiscal consolidation\n- Fiscal policy\n- Oil prices\n- Prices"
    },
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      "content": "- Pages: 84\n- Volume: 2017\n- Issue: 316\n- Series: Country Report No. 2017/316\n- DOI: https://doi.org/10.5089/9781484323175.002\n- ISBN: 9781484323175\n- ISSN: 1934-7685\n\nSaudi Arabia: 2017 Article IV Consultation-Press Release; and Staff Report\n\n---\n\n Content in this bundle\n\n- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2017/10/05/saudi-arabia-2017-article-iv-consultation-press-release-and-staff-report-45312"
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    "Published: October 5, 2017",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484323175.002",
    "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 mainly come from uncertainties about future oil prices.",
    "Additional risk arises from questions about how the ongoing reforms will affect the economy.",
    "Energy prices",
    "Expenditure",
    "Fiscal consolidation",
    "Fiscal policy",
    "Oil prices",
    "Prices",
    "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",
    "**Country Report**"
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