TITLE

SAUDI ARABIA

PUB. DATE
September 2003
SOURCE
Middle East Monitor: The Gulf;Sep2003, Vol. 13 Issue 9, p4
SOURCE TYPE
Country Report
DOC. TYPE
Country Report
ABSTRACT
The article focuses on economic research firm Business Monitor International Ltd.'s (BMI) economic forecast for Saudi Arabia. Recent strong oil prices underpin a positive 2003 outlook for Saudi Arabia. The firm anticipate that prices will exceed its current forecast of US $24.00/b by US $2.5/b. As prices and production fall, however, and the non-oil sector remains relatively stagnant, real growth will slow in 2005. GDP growth will drive demand for imports, which BMI expects to rise by 31% from US$32.00b/d in 2002, to US$42.00b/d in 2005.
ACCESSION #
10644091

 

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