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Saudi Arabia: Staff Concluding Statement of the 2023 Article IV Mission
The Saudi economy is booming, spurred by high oil prices, a strong pick up in private investment and reform implementation. The current account surplus has reached a decade-high surplus and inflation is contained. Uncertainty in the global economy—both impacting financial conditions and oil prices—requires continued efforts to further build buffers and diversify the economy. Going forward, continued fiscal reforms, coupled with careful calibration of investment programs, will help strengthen fiscal and external sustainability while implementation of the impressive structural reform agenda will help generate a ... (full story)