The GCC Economics and Global Context
Macroeconomic ReportPresentation to Real Estate Investment World Middle East conference. This set of slides presents an overview of the economic situation in the GCC and looks at the economic outlook over the next few years, with emphasis on those areas that affect the real estate sector.
The Saudi Economy’s Golden Era: Phase Two
Macroeconomic ReportThe growth driver of Saudi Arabias four-year-old boom is shifting from rising oil revenues to private sector activity, marking a new phase in a period of sustained high growth in the Saudi economy. Over the years to 2010, spending will pick up, cutting fiscal and trade surpluses, but inflation will remain relatively low. The positive macroeconomic backdrop should result in steady gains in share prices.
Saudi economy: On the brink of recovery
Macroeconomic ReportRecent data suggest that the worst is now over for the Saudi economy and based on our assumption that external conditions will continue to get better, we expect a sustainable recovery to take hold in the fourth quarter.
The Saudi economy in 2010
Macroeconomic ReportThe Saudi economy is expected to improve in 2010. High government spending will be the main engine of growth, with the private sector making a greater contribution as credit conditions improve.
Healthy second quarter economic growth
Macroeconomic ReportQuarterly economic growth data has been published for the first time in the Kingdom. It shows that the economy grew by 15.2 percent year-on-year in nominal terms in the second quarter of 2010. Growth in the non-oil private sector was 6.2 percent.
