Saudi Arabia: 2023 Article IV Consultation-Press Release; Staff Report; and Informational Annex

Saudi Arabia: 2023 Article IV Consultation-Press Release; Staff Report; and Informational Annex
Volume/Issue: Volume 2023 Issue 323
Publication date: September 2023
ISBN: 9798400252099
$20.00
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Topics covered in this book

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Inflation , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , Business and Economics - Statistics , International - Economics , totaling SDR , headline inflation , quarterly balance of payments , growth momentum , financial asset , Oil prices , External sector statistics , Global

Summary

Saudi Arabia’s economy is booming, unemployment is at a record low, the output gap is closed, inflation is contained, and fiscal and external buffers have been rebuilt. The continuation of Vision 2030 reforms has helped advance the country’s economic diversification agenda, including through reduced reliance on oil.