Country Economic Forecasts > Saudi Arabia - Oxford Economics Services

Country Economic Forecasts > Saudi Arabia

Country Economic Forecasts > Saudi Arabia - Oxford Economics Services
Country Economic Forecasts > Saudi Arabia
Published Jun 08, 2016
6 pages — Published Jun 08, 2016
Price US$ 185.00  |  Buy this Report Now

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Abstract:

Despite the recent recovery in oil prices to some US$50pb from its mid-January lows, as well as significant fiscal austerity and reform, market pressures have picked up again with the 12-month USD/SAR forward rate rising back up to 555bps amid talk of a possible one-off devaluation to support the post-oil plans seen in Vision 2030, and triggering at least two US hedge funds to bet heavily on such an outcome. The government has taken various measures in recent weeks to alleviate financial pressures, including raising $10bn via loans, proposing a $15bn sovereign bond, the partial sell-off of Saudi Aramco and it is considering paying contractors in IOUs to conserve cash. Meanwhile, the OPEC meeting in Vienna on June 2 confirmed our expectations that there would be no significant change from the OPEC policy of maintaining oil market share and as a result, we expect crude oil production to remain close to its current level of 1.3m b/d through 2016. With non-oil growth remaining weak but positive amid fiscal austerity and still low, albeit climbing, oil prices, we continue to forecast GDP growth at just 0.8% in 2016.

  
Source:
Document ID
336106
Country
Format:
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Sections

Title
Saudi Arabia:
The following represents a general Table of Contents outline for the Country Economic
Forecast. The actual report may cover any or all of the topics listed below.
- Highlights and Key Issues - four/five paragraphs of analysis covering the
main economic and political issues contained in the subsequent Economic Overview
- Forecast Table showing % changes for the country - with 2 years of historical
data and 4 years of forecast data for the following:
- Domestic demand
- Private consumption
- Fixed investment
- Stockbuilding (% of GDP)
- Government consumption
- Exports of goods and services
- Imports of goods and services
- Unemployment
- Consumer prices
- Current account balance (US$ and % of GDP)
- Government budget (% of GDP)
- Short-term interest rates (%)
- Long-term interest rates (%)
- Exchange rate (vs. US dollar)
- Exchange rate (vs. euro)
- Economic Overview - two pages of events-driven analysis highlighting the
most recent economic activity and, where relevant, political developments of the
country, detailing significant changes to Oxford Economics' forecasts
- Charts and Tables - covering a full range of economic developments relevant
to the time period covered. These could include such topics as:
- Contributions to GDP growth
- Monthly industrial output
- Business and consumer confidence
- Unemployment rate
- Retail sales
- Prices and earnings
- Consumption and investment
- Government balance and debt
- GDP and industrial production
- Monetary policy and bond yields
- Background Information on the country
- One or two pages of text covering the main historical political and economic factors
that determine the country's current position
- Key Facts on the country
- Map of the country
- Key political facts
- Long-term economic and social development - changes since 1980
- Structure of GDP by output - latest year
- Long-term sovereign credit ratings and outlook
- Corruption perceptions index- latest year
- Structural economic indicators - changes since 1990
- Destination of goods' exports -prior years - latest year
- Composition of goods & services exports - latest year

Table Of Contents

Oxford Economics Services—Oxford Economics is a leading economic forecasting consultancy, producing macroeconomic and industry forecasts, analysis and data on 175 countries.

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Cite this Report

  
MLA:
Oxford Economics Services. "Country Economic Forecasts > Saudi Arabia" Jun 08, 2016. Alacra Store. May 18, 2025. <http://www.alacrastore.com/storecontent/Oxford-Economics-Services/Country-Economic-Forecasts-Saudi-Arabia-2111-5954>
  
APA:
Oxford Economics Services. (2016). Country Economic Forecasts > Saudi Arabia Jun 08, 2016. New York, NY: Alacra Store. Retrieved May 18, 2025 from <http://www.alacrastore.com/storecontent/Oxford-Economics-Services/Country-Economic-Forecasts-Saudi-Arabia-2111-5954>
  
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