Saudi Arabia: Growing Contribution Of Non-Oil Sector To Growth

February 2011
Emerging Markets Monitor;2/7/2011, Vol. 16 Issue 42, p19
Country Report
The article provides an economic outlook for Saudi Arabia through 2015. As reported, analysts hold their positive forecast for the country's economy and project a 3.9% growth in its real gross domestic product (GDP) due to increased gross fixed capital formation. However, they warn that the weak credit market will pose risks to the growth sustainability of Saudi Arabia until the mortgage law is passed. Also noted is the significant role that the non-oil sector will play in its economy.


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