European Parliament Library

Saudi Arabia :, 2012 Article IV Consultation

Saudi Arabia is the world’s largest oil exporter and has employed its spare capacity to help stabilize the global oil market, providing important support to the global economy. The associated increase in oil revenues has resulted in sharply higher fiscal and current account surpluses and provided room to accelerate initiatives to address pressing social issues, including a shortage of affordable housing and unemployment. Spillovers from higher growth and fiscal spending, together with increased financial assistance, have positively impacted the region
Table Of Contents
Cover; Contents; CONTEXT: ADVANCING NATIONAL DEVELOPMENT OBJECTIVES WHILE RESPONDING TO ELEVATED GLOBAL AND REGIONAL UNCERTAINTIES; RECENT DEVELOPMENTS; FIGURES; 1. Context and Recent Developments; OUTLOOK; 2. Risk Profile of Fiscal and External Balances Given Geopolitical Risk and Oil Price Uncertainty; POLICY DISCUSSIONS; A. The Macroeconomic Policy Stance and Key Risks; 3. Quarterly VAR Forecasts of Non-Oil Growth and Inflation for 2012; BOXES; 1. Spillovers from Saudi Arabia; 4. Non-oil Trade and Financial Linkages to the European Union; B. Strengthening Macroeconomic Management
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (49 p.)
Specific Material Designation
Form Of Item

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