Saudi Arabia Growth Prospects

The video discusses Saudi Arabia's potential to avoid a recession by focusing on long-term economic growth and the Vision 2030 plan. It highlights the importance of fiscal consolidation, political stability, and economic reforms. The discussion includes the impact of royal succession on fiscal policies and the need for a balanced budget to ensure sustainable growth.

What is the expected growth rate for Saudi Arabia as it adjusts its economy?

• 3% to 4%

• 2% to 3%

• 1% to 2%

• 4% to 5%

Why did Saudi Arabia reinstate allowances and bonuses?

• To accelerate fiscal consolidation

• To reduce the fiscal deficit

• To maintain public satisfaction

• To increase government revenue

What role does political stability play in Saudi Arabia's economic reforms?

• It hinders economic growth

• It leads to increased fiscal deficit

• It creates uncertainty in the market

• It ensures sustainability of reform packages

What is the target fiscal deficit for Saudi Arabia by 2021?

• No deficit

• Double-digit percentage

• 20% deficit

• Single-digit percentage

Why is capital spending important for Saudi Arabia's economy?

• It accelerates fiscal consolidation

• It increases public dissatisfaction

• It is key for economic growth

• It reduces the fiscal deficit