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FINANCIAL NEWS
Saudi Arabia on IMF’s top G20 performers list
15 Jul 2013
(MENAFN) The International Monetary Fund (IMF) has said that Saudi Arabia is among top G20 performers, citing the continued strong performance of its economy and the systematic and stabilizing role that the country plays in the global oil market, Arab News reported.
However, the IMF officials said that the implementation of labor market policies to boost Saudi employment should be carefully coordinated with macroeconomic policies.
They added that an important progress had been made in improving economic statistics but saw scope for further improvement.
The IMF said Saudi economy grew by 5.1 percent last year, driven by high oil prices and production, strong private sector growth, and government spending.
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