We think that the recent rise in oil prices has further to run over the next twelve months, but this is unlikely to pave the way for fiscal loosening in the Gulf. Meanwhile, data released this week showed a fall in the unemployment rate among Saudi nationals, but it remains well above the government’s target and the Kingdom has moved further away from meeting some of the key goals of Vison 2030.
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