Saudi Arabia: Fiscal Expansion to Balance Out Fed Hikes

The video discusses Saudi Arabia's economic strategies amidst global monetary policy changes and banking turmoil. It highlights the country's focus on achieving a 3.1% GDP growth, managing inflation, and leveraging non-oil sectors for economic expansion. The financial sector's role in bridging funding gaps for projects is also explored, emphasizing long-term market stability and strategic allocation of budget surpluses.

What is Saudi Arabia's GDP growth target as mentioned in the video?

• 5.2%

• 4.0%

• 3.1%

• 2.5%

How did Saudi Arabia's GDP growth rate perform last year?

• 5.5%

• 6.3%

• 8.7%

• 9.2%

What is the focus of Saudi Arabia's new industrial strategy?

• Domestic consumption

• Import-driven approaches

• Export-driven approaches

• Service sector expansion

What is the highest PMI recorded in the last eight years for the private sector?

• 58.9

• 57.6

• 55.2

• 60.1

What is one of the challenges faced by the Saudi banking system?

• High interest rates

• Limited customer base

• Funding gap for projects

• Lack of digital infrastructure

What is one of the strategies for managing the budget surplus?

• Cutting public spending

• Reducing exports

• Replenishing reserves

• Increasing taxes

What was one of the impacts of COVID on Saudi Arabia's investment strategies?

• Focus on healthcare sector

• Slowed down investments

• Shift to renewable energy

• Increased foreign investments