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KSA real GDP expected to go up 0.9% 2018 – Report

KSA real GDP expected to go up 0.9% 2018 – Report
Bank of America Merrill Lynch’s report on Sunday forecasted that the Saudi real gross domestic product (GDP) will grow by 0.9% during 2018

Riyadh – Mubasher: Bank of America Merrill Lynch’s report on Sunday forecasted that the Saudi real gross domestic product (GDP) will grow by 0.9% during 2018.

The bank’s report expected that Saudi GDP will not rise during 2017, compared to a 1.7% growth in the year before.

The Kingdom’s consumer price index (CPI), (Inflation) is expected to go up to 5.5% during 2018, against 3.5% in 2016, and 2017, respectively.

The bank’s report forecasted that the Saudi current account will drop slightly 1.2% in 2018, compared to 0.6% in 2017, and 3.9% in 2016.

At the level of the fiscal balance, it is expected to retreat by 11.3% in 2018, compared to 12.4% in 2017, and 17.2% in 2016.