New Market Report Now Available: Saudi Arabia Food & Drink Report Q2 2014
We expect the Saudi Arabian economy to perform well throughout the coming quarters, on the back of minor gains in oil output and the continuing strength of non-hydrocarbon private sector economic activity. Leading indicators of economic activity point to continued buoyancy in private consumption, and we forecast growth of 5.0% in 2014, from an estimated 6.0% in 2013. We maintain our medium-term bullish outlook on the retail and trade sector, with sales benefiting from rising disposable incomes, favourable demographics, and...
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