Saudi Arabia Experiences Healthy 1Q 2012 Economic Growth
Jadwa Investments | Lucien Zeigler | 6.29.12
Jadwa Investments recently released a report analyzing the Saudi Economy’s 1Q 2012 economic performance, and found that the latest economic growth data “confirm that the healthy performance of the Saudi economy continued into the first quarter of 2012.”
“In real terms (that is, adjusted for price movements) the economy was 5.9 percent larger in the first quarter of 2012 than in the same quarter of 2011. Growth was lower than in the previous three quarters and more dependent on the oil sector, as the effects of short-term government stimulus eased. However, performance remains robust even when the oil and government sectors are removed,” the report noted.