TY - BOOK ID - 52590057 TI - Saudi Arabia : 2016 Article IV Consultation-Press Release; Staff Report; and Informational Annex. PY - 2016 SN - 1475539525 1475544375 9781475539523 9781475544374 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - International Monetary Fund. KW - Investments: Energy KW - Macroeconomics KW - Money and Monetary Policy KW - Public Finance KW - Statistics KW - Energy: Demand and Supply KW - Prices KW - Fiscal Policy KW - Data Collection and Data Estimation Methodology KW - Computer Programs: Other KW - National Government Expenditures and Related Policies: General KW - Monetary Policy, Central Banking, and the Supply of Money and Credit: General KW - Energy: General KW - Econometrics & economic statistics KW - Public finance & taxation KW - Monetary economics KW - Investment & securities KW - Oil prices KW - Fiscal consolidation KW - Expenditure KW - Credit KW - Oil KW - Fiscal policy KW - Commodities KW - Money KW - Expenditures, Public KW - Petroleum industry and trade KW - Saudi Arabia UR - https://www.unicat.be/uniCat?func=search&query=sysid:52590057 AB - This 2016 Article IV Consultation highlights that real GDP growth in Saudi Arabia is expected to slow to 1.2 percent in 2016, but recover to 2 percent in 2017 as the pace of fiscal consolidation eases. Inflation has risen in recent months to more than 4 percent owing to increase in energy and water prices. Bank deposits have declined, but growth of credit to the private sector remains strong. Capital buffers are high, nonperforming loans low, and banks are well provisioned against loan losses. The current account deficit is projected to narrow to 6.4 percent of GDP in 2016 and then move close to balance by 2021 as oil prices partial recover. ER -