Citigroup's Soussa Says Saudi Economic Growth Coming Down

The video discusses the challenges facing the Saudi economy, including fiscal consolidation and the impact of oil prices. Despite resilience, economic growth is slowing due to reduced government spending. The investor community favors fiscal discipline, but employment remains a key concern. Labor reform is crucial to maintaining employment opportunities in a low-growth environment.

What is a major driver of the Saudi economy according to the first section?

• Tourism

• Government expenditure

• Agriculture

• Technology

What is the forecast for the non-oil economy in Saudi Arabia for 2017?

• Positive growth

• Stagnant growth

• Rapid growth

• Negative growth

What does the second section suggest is necessary if oil prices fall further?

• Increase in tourism

• Deeper fiscal consolidation

• Expansion of the oil sector

• Reduction in non-oil revenue

According to the third section, what is a key concern for the Saudi economy?

• High inflation rates

• Precipitous fall in FX reserves

• Over-reliance on technology

• Lack of natural resources

What role does labor reform play in Saudi Arabia's economic strategy?

• Increasing oil production

• Reducing government expenditure

• Compensating for lower growth

• Boosting foreign investment