The recent rise in oil prices has raised some hopes that Saudi Arabia’s 2018 budget – to be announced next week – will unveil a shift towards looser fiscal policy to support the economy. However, we think those hopes are likely to be dashed and policy will continue to be tightened, albeit by much less than in recent years. As a result, we expect the economic recovery to be weaker than most anticipate in 2018.
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