Economic Analysis - Q1 Pace Of Deficit Reduction Will Not Be Sustained - 22 MAY 2017
Emerging Markets Monitor May 2017 / Saudi Arabia / Economy
Saudi Arabia's Q1 budget performance underpins our view for easing fiscal pressures in 2017 and for continued effort to improve the management of public finances. However, the pace of deficit...
Economic Analysis - Fiscal Reform Underway, But Budget Deficits Until 2020 - 10 APR 2017
Emerging Markets Monitor April 2017 / Saudi Arabia / Economy
The Saudi government will continue to undertake fiscal reform over the coming years, in an attempt to diversify government revenues and boost investor confidence in the kingdom. Combined with...
Economic Analysis - Aramco IPO: Scenarios For Economic Transformation - 20 MAR 2017
Emerging Markets Monitor March 2017 / Saudi Arabia / Economy
The success of the IPO of national oil company Saudi Aramco will be crucial in determining the economic and political trajectory of the kingdom over the coming decade. As a central tenet of Vision...
Economic Analysis - No Liquidity Crunch From Hiking Cycle - 30 JAN 2017
Emerging Markets Monitor January 2017 / Saudi Arabia / Economy
SAMA will continue to raise interest rates in line with the US Federal Reserve, in order to limit pressures on the riyal peg to the US dollar. This will do little to mitigate inflationary pressures...
Economic Analysis - Barely Avoiding A Recession In 2016 - 01 AUG 2016
Emerging Markets Monitor July 2016 / Saudi Arabia / Economy
Relatively elevated growth in the hydrocarbon sector will prevent the Saudi economy to enter a recession in 2016. Nonetheless, the non-oil economy will continue to post negative growth rates over...
Political Risk Analysis - Further Change Coming Following Government Reshuffle - 23 MAY 2016
Emerging Markets Monitor May 2016 / Saudi Arabia / Economy
The recent overhaul of key political positions in Saudi Arabia is the first in a series of changes, as the country prepares to implement its Vision 2030 plan. While Deputy Crown Prince Mohammed bin...
Economic Analysis - September PMI Data Underscores Declining Economic Momentum - 12 OCT 2015
Emerging Markets Monitor October 2015 / Saudi Arabia / Economy
The latest purchasing managers' index (PM) for Saudi Arabia provides support to our view that the country's economic growth is starting to slow as we near the end of 2015.