26
Aug
01:00
Continued low oil price seen clouding Saudi economic outlook
The International Monetary Fund has reiterated calls for Saudi Arabia to implement “comprehensive” energy price reforms and expand non-oil revenue, such as VAT, to bolster its eroding fiscal buffers. Lower oil revenues owing to the oil price slump are denting business confidence in the country.
Because of the 50% oil price slump over the past year, Saudi real gdp growth is seen slowing to 2.8% this year followed by 2.4% in 2016. This happens as s…
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Anonymous
Very good overview of the weekly steel market.
Anonymous