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Saudi Arabia's medium-term outlook remains very favorable, with growth being sustained by strong private sector investment and government spending on key infrastructure. Large fiscal and external surpluses are projected to continue, given high oil prices. Even sharply lower oil prices would be unlikely to endanger macroeconomic stabilityâthe oil price that would balance the current account in 2013 is estimated at around $70 per barrel...
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Saudi Arabia's medium-term outlook remains very favorable, with growth being sustained by strong private sector investment and government spending on key infrastructure. Large fiscal and external surpluses are projected to continue, given high oil prices. Even sharply lower oil prices would be unlikely to endanger macroeconomic stabilityâthe oil price that would balance the current account in 2013 is estimated at around $70 per barrel...
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