KSA to be fastest growing G20 economy after China
"Saudi Arabia will emerge as the second fastest growing G20 country after China this year, while Gulf economies will outpace global and emerging growth, Barclays Capital research revealed Wednesday. The jury is still out whether the new stimulus packages and programs announced by the US Federal Reserve, the European Central Bank and the Bank of Japan will boost the global economy. "While the timing of a global growth rebound remains uncertain, the tail risks for investors, in particular those related to the euro area, have been reduced," said BarCap's Christian Keller. "This improves the outlook for risky assets and should support flows into emerging market assets."Saudi Arabia's performance among G20 nations will only be bettered by China, the world's second largest economy. For all of China's economic woes, the country will still post 7.5 percent growth this year and 7.6 percent in 2013."
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