IMF Sees Saudi Arabia Economic Growth of 6.5% in 2011 on Oil Production
May 31 (Bloomberg) -- The International Monetary Fund said it sees economic growth of 6.5 percent in Saudi Arabia this year, with increased oil output boosting the fiscal surplus.
“The strong near-term economic outlook provides an opportunity to address longer-term priorities,’’ Masood Ahmed, the Director of the Middle East and Central Asia Department, said in an e-mailed statement today. “Key steps will be to continue progress in diversifying the economy, building on the positive business environment, and continuing to improve access to finance” for small businesses.
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