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Finance & Development
A quarterly magazine of the IMF
December 2008, Volume 45, Number 4

Country Focus

Saudi Arabia

Since the start of the oil boom in 2003, Saudi Arabia has achieved strong growth, aided by high oil revenues and a rapid expansion of the non-oil private sector. While inflationary pressures are easing, the global financial crisis poses new risks.

Non-oil growth

Rising oil revenues

Foreign assets

Oil wealth investment

Global slowdown

Short-term challenge