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FINANCIAL NEWS
Saudi Arabia to recover oil prices
12 Dec 2015
(MENAFN) Saudi Arabia can’t afford to wait for oil prices to recover and needs to speed up economic measures to avoid rising unemployment.
Moreover, the nation needs public and private investments of as much as USD 4tr as part of a strategy to improve productivity and create jobs.
However, Saudi Arabia could face a huge economic deterioration over the coming 15 years; also it would suffer from increasing jobless and weakening finances.
“This is a call to dramatically accelerate reforms which ultimately will provide a more sustainable future,” said global institute director.
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