In this Quick Take we discuss why, despite the scope of the reform programme, the boost to the Saudi economy is unlikely to be as significant as policymakers hope. In particular, we discuss:
- What the reform programme does and doesn’t address.
- Which reforms will succeed and which will fall short.
- What all of this means for the Kingdom’s growth prospects.
Saudi Arabia has announced bold reform plans over the past year in an effort to diversify its economy away from oil.
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