The Saudi budget released this afternoon showed that the government has already started to loosen fiscal policy and will continue to do so in 2018. This is a more accommodative stance than we had expected and so we have revised up our GDP growth forecasts for 2018, from 0.8% to 1.5%. That said, the budget is likely to disappoint those who were hoping for substantial policy loosening to support the economy.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services