Middle East & North Africa Economics

Middle East Economics Update

20 June, 2018

What would a rise in OPEC output mean for Saudi?

The OPEC meeting scheduled to start on Friday will probably result in a compromise to increase oil output and this could provide a boost to Saudi GDP growth of around 1%-pt. Frictions within the group mean there’s a real risk that the talks break down, leading to an even sharper rise in output. But the resulting fall in oil prices would limit the fillip to the Saudi economy.

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