Middle-east Arab News Opinion | Asharq Al-awsat

IMF says Saudi Arabia needs to monitor inflation - ASHARQ AL-AWSAT English Archive
Select Page

DUBAI, (Reuters) – Saudi Arabia’s near-term economic outlook is favourable but the OPEC member should carefully monitor possible inflationary pressures following a recent increase in social spending, the International Monetary Fund said on Tuesday.

The fund revised down its forecast for Saudi Arabia’s fiscal surplus to 9.3 percent of gross domestic product in 2011, from 12.8 percent seen in April, it said after concluding its annual consultation with the kingdom.

The forecast for the 2011 current account surplus of the world’s No.1 oil exporter was revised up to 20.1 percent of GDP, from a previous 19.8 percent.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

More Posts

Follow Me:
FacebookGoogle PlusYouTube