Emirates NBD's El Borno Sees Saudi GDP at 2.8% in 2018

The video discusses Saudi Arabia's budget assumptions for 2018, highlighting a conservative oil price estimate of $50, while analysts predict a higher price of $56. The Saudi budget is the largest fiscal stimulus in its history, aimed at avoiding recession. The video also covers oil price forecasts, GDP growth, and the impact of OPEC agreements on Saudi oil policy. The focus is on managing a sustained rise in oil prices to support the budget while balancing the deficit into the 2020-2023 period.

What was the initial oil price assumption for Saudi Arabia's 2018 budget?

• $60 to $61

• $55 to $56

• $50 to $51

• $45 to $46

How did the revised GDP growth forecast for Saudi Arabia in 2018 change?

• From 2.5% to 2.8%

• From 4.0% to 4.3%

• From 3.0% to 3.3%

• From 1.5% to 1.8%

What is the significance of the 1.1 trillion Saudi real budget in 2018?

• It is the largest fiscal stimulus in Saudi Arabia's history.

• It marks a decrease in government spending.

• It is the smallest fiscal stimulus in history.

• It indicates a balanced budget.

What is the key challenge for Saudi Arabia in managing oil prices?

• Raising prices too quickly to attract shale oil producers

• Lowering prices to increase market share

• Balancing prices to support the budget without encouraging shale oil production

• Setting prices to match global competitors

What is the expected impact of the OPEC and non-OPEC agreement on oil prices?

• It will decrease oil prices significantly.

• It will have no impact on oil prices.

• It is expected to last longer than anticipated.

• It will likely end by 2020.