Saudi Arabia's real GDP to grow 4 % this year

Jun 26, 2010 02:00 AM

Saudi Arabia's economy will grow by 4 % this year as oil production increases, while inflation in the biggest Arab economy will stabilise at an annual average of 5 %, Samba Financial Group said. Saudi Arabia is currently undergoing a $ 400 bn stimulus program to boost its economy and create more jobs for the growing population of over 25 mm.
"The recovery in economic activity is gathering pace, with renewed strength in corporate finance flows," economists at Samba Financial Group said in a report.

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