{Kantakji Group}. Add '10622' Economy 2012

FYI

 Nawaf Y. Husein

 Faculty Member
 Msc, CRP , CLBB
 Saudi Training Society Member

 Institute of Banking
 Saudi Arabian Monetary Agency ( SAMA)
  P.O.Box : 10820   Riyadh 11443 Saudi Arabia
 Tel : + 966 1 463 3000   Ext. 3825
  Fax: + 966 1 466 2368
  Mobile : + 966 55 48 44 828

  SKYPE : abuhejleh2      

Dear all,

 

Please find attached our outlook for the Saudi economy in 2012. We expect another year of reasonable performance. Non-oil growth will be strong and inflation should ease. Lower oil production will cause total real economic growth to slow, and combined with lower prices, will reduce the budget and current account surpluses.

 

Regards,

 

 

Paul Gamble

Head of Research

Jadwa Investment