Budget figures released this week in Saudi Arabia showed that the government loosened fiscal policy in Q2 but the authorities probably have to reverse course in the coming months. Meanwhile, reports that the Saudi BinLadin Group aims to restructure up to $30bn of debt highlights the pain caused by the austerity imposed in 2014-16 and could deal a significant blow to Saudi banks. Elsewhere, Tunisia’s presidential elections have been brought forward after the death of Beji Caid Essebsi and whoever comes to power faces a tough task of tackling the country’s large macro imbalances.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services