FINANCIAL NEWS

Saudi’s non-oil GDP to slow by 2.8 percent

27 Jun 2016

(MENAFN) Growth in Saudi Arabia’s non-oil GDP is predicted to slow to reach 2.8 percent this year from 3.4 percent in 2015.

Accordingly, the central bank was continuing to monitor key economic indicators, emphasizing that the point-of-sale aggregate.

Additionally, an indicator of consumption had increased 15 percent yearly in May and that a rebound of oil prices helped to support growth.

Moreover, Brexit won’t have influence on Saudi financial institutions due to their limited exposure to Britain and their healthy asset quality.

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