IMF cuts Saudi Arabia 2016 growth forecast as oil price stays low
Although oil prices have recovered from a 10-year low of less than $30 a barrel in January to $40-$50 a barrel, the IMF forecasts an average price this year of $43 a barrel, rising to $51 next year.
IMF raises Saudi growth forecast on higher oil prices
IMF raises Saudi growth forecast on higher oil prices. To achieve that, the kingdom must pump around 10.6 million bpd until the end of 2018. This will sharply cut Saudi Arabia's budget deficit to around $30 billion (26 billion euros) from the projected $52 billion, Jadwa said in a report released last week.
IMF Slashes Saudi Arabia Growth Forecast on Lower Oil Output
On July 17, 2017, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV Consultation with Saudi Arabia.. Non-oil growth is projected to pick up to 1.7 percent in 2017, but overall real GDP growth is expected to be close to zero as oil GDP declines in line with Saudi Arabia's commitments under the OPEC+ agreement.
IMF cuts UAE's growth forecast for 2016 as oil prices crash
IMF cuts UAE's growth forecast for 2016 as oil prices crash The UAE's fiscal deficit is expected to widen to 7.5 per cent of GDP, the fund expects, but will depend heavily on what happens to
No IMF, Saudi Arabia Doesn't Actually Need $70 Oil - Forbes
The International Monetary Fund has slashed its growth outlook for Saudi Arabia, forecasting only 0.4 compared with 2 percent it forecasted last October
IMF Raises Saudi Arabia Growth Outlook On Higher Oil Prices
The International Monetary Fund expects Saudi Arabia's economy to grow by 1.6 percent this year and 2.2 percent in 2019 thanks to higher oil prices IMF Raises Saudi Arabia Growth Outlook On
PDF IMF Country Report No. 15/251 SAUDI ARABIA
IMF Executive Board Concludes 2015 Article IV Consultation with Saudi Arabia . On July 29, 2015, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV Consultation. 1. with Saudi Arabia. Saudi Arabia has been one of the strongest growing economies in the G-20. Rising oil prices and
IMF Again Slashes Saudi Arabia Growth Forecast | Financial
Malik said she expects Saudi debt to remain attractive in international markets even with the negative impact of weaker growth, bolstered by the riyal-dollar peg, low government borrowing and a...
IMF raises Saudi growth forecast on higher oil prices
DUBAI: The International Monetary Fund on Monday raised its growth forecast for the world's top crude exporter Saudi Arabia, citing higher oil prices. In its World Economic Outlook update, the
IMF cuts global outlook to lowest since the financial crisis
The International Monetary Fund cut its outlook for global growth to the lowest since the financial crisis amid a bleaker outlook in most major advanced economies and signs that higher tariffs are weighing on trade. The world economy will grow 3.3 per cent this year, down from the 3.5 per cent the IMF had forecast for 2019 in January, the fund said Tuesday in its latest World Economic Outlook.
IMF: Uncertain oil prices pose main risks to Saudi outlook
JEDDAH: The International Monetary Fund (IMF) says the steep fall in oil prices is likely to dampen growth in Saudi Arabia.Citing uncertainties about future oil prices, the IMF added that possible
IMF Suggests Saudi Arabia Cut Spending, Rely Less on Oil
IMF Suggests Saudi Arabia Cut Spending, Rely Less on Oil Revenue The plunge in oil prices and the kingdom's high government spending create a need for change, the fund says
IMF sees 2017 Saudi growth 'close to zero' on oil prices, cuts
IMF lowers 2017 growth forecast for Saudi Arabia to 0.1% from 0.4%, citing Opec supply cuts, uncertainty over oil prices and the country's efforts to reduce its reliance on crude
Economic reforms and low oil prices to hit Saudi growth - IMF
Saudi Arabia's fiscal deficit is expected to narrow to 9.3 per cent of gross domestic product in 2017 and to just under 1 per cent by 2022, from 17.2 per cent last year, the fund said.
Saudi growth 'close to zero' amid oil price drop, cuts
The IMF recently lowered its 2017 growth forecast to 0.1 percent, down from 0.4, citing OPEC production cuts, uncertainty over oil prices, and reforms Saudi Arabia is taking to reduce its reliance on oil, Bloomberg reported. Non-oil growth projection was also lowered to 1.7 percent from 2.1, the international financial body said.
The Saudi Economy in 2017 - Jadwa Investment
As oil prices rebound, the current The Saudi Economy in 2017 1 February 2017 (year-on-year change) -10-8-5-3 0 3 5 8 10 2007 2009 2011 2013 2015 2017F Real GDP According to current IMF forecasts, the US economy is expected to
Saudi Arabia's Non-Oil Growth Expected to Increase This Year
The International Monetary Fund on Tuesday said it expects non-oil growth in Saudi Arabia to pick up this year as the government's move to release delayed payments to private companies boosts
Saudi Arabia, Squeezed by Low Oil Prices, Cuts Spending to
The International Monetary Fund on Monday raised its growth forecast for the world's top crude exporter Saudi Arabia, citing higher oil prices, along with predicting the Middle Eastern and North African region as a whole as well as Pakistan and Afghanistan will experience growth.. In its World Economic Outlook update, the IMF said the Saudi economy - which contracted by 0.9 percent last year
IMF Changes Its Growth Forecast for Saudi Arabia | Al Bawaba
IMF Changes Its Growth Forecast for Saudi Arabia Published July 17th, 2018 - 12:27 GMT IMF maintained Saudi Arabia's growth projections for 2019 at 1.9 per cent on predictions that oil prices
Will fiscal pain of low oil prices force Saudi Arabia's hand
Saudi Arabia is feeling some significant fiscal pain as a result of a collapse in oil prices it helped to engineer. But that doesn't mean the world's most important oil producer is likely to
IMF endorses Saudi policy shift to tackle low oil prices
IMF endorses Saudi policy shift to tackle low oil prices Custodian of the Two Holy Mosques King Salman meets with International Monetary Fund Managing Director Christine Lagarde in Riyadh on
The folly of the fiscal break-even oil price | Financial Times
Take the example of Saudi Arabia in 2014. In May 2013, when the IMF staff first projected the country's 2014 fiscal break-even oil price, they pegged it at $88. It was only in October 2014 that the IMF staff raised their estimate to $98 — before increasing it further to $111 in May 2015.
IMF reconsider forecast of world oil prices for 2017-2018
The International Monetary Fund (IMF) has lowered the forecast for world oil prices for 2017-2018 by about $3 per barrel. As a result, the estimated price based on futures markets as of June 1, 2017 is $ 51.9 for 2017 and $52 for 2018, according to IMF's World Economic Outlook Update, July 2017.
Saudi Arabia could slash growth estimates as contraction looms
Saudi Arabia may have to revise down economic growth estimates as lower crude output and tumbling oil prices take their toll on economic activity, with some economists forecasting a contraction
Oil Price Fundamental Daily Forecast - Supported by Saudi
Oil Price Fundamental Daily Forecast - Supported by Saudi Move to Cut Crude Allocations Saudi Arabia said it will cut crude allocations to Asia in July to a total of about 300,000 barrels
Oil Price Fundamental Weekly Forecast - Cut in Saudi Exports
Oil Price Fundamental Weekly Forecast - Cut in Saudi Exports, Drop in Rig Count Could Provide Early Support We could be looking at another week of two-sided trading unless there is unexpected news.