Can not quit addiction to oil prices above $50 to try also Saudi Arabia

Can not quit addiction to oil prices above $50 to try also Saudi hot column capital flows thousands of thousands of stocks the latest Rating Rating diagnosis simulated trading client Sina fund exposure table: the letter Phi lag of false propaganda, long-term performance is lower than similar products, to buy the fund by the pit how to do? Click [I want to complain], Sina help you expose them! The article comes from the gold ten data this year is the first year of Saudi Arabia to try to reduce dependence on oil. However, the results are very likely to go. Analysts said a series of Saudi Arabia’s cost cutting measures may cause the country’s non oil economy into recession. This means that Saudi Arabia’s overall economic growth in 2016 most of the future record of crude oil production. Over the past two weeks, Saudi Arabia has taken a series of measures to withstand the impact of low oil prices. Policymakers have canceled bonuses for government employees and cut subsidies, and wages have been cut by 20%. At the same time, the central bank also to recapitalise the banking system 20 billion Riyals ($5 billion 300 million) to ease the cash. Fiscal tightening will help reduce the budget deficit. Last year, Saudi Arabia’s budget deficit has high total gross domestic product (GDP) 16%. However, due to shrinking consumption, fiscal austerity may worsen economic growth. Bloomberg had conducted a survey showed that Saudi Arabia’s economic growth this year will slow to 1.1%, while the macro investment bank and the French bank of Paris is expected to be the first Saudi Arabia since 2009, the economic contraction. Pessimism about the short-term outlook in Saudi Arabia and spread, this highlights the Saudi economy policy "designer" Deputy crown prince Salman’s challenge is huge. Salman sought to prepare Saudi Arabia for the post oil era, and do not want to have been accustomed to enjoy the national welfare of the strong national defense. "As early as in April, Salman announced the vision 2030" economic transformation plan, the Saudi government has raised domestic fuel prices and public services, but also consider the abolition of the $20 billion project. The International Monetary Fund (IMF) is expected in 2017 the Saudi budget deficit will fall to 10% of GDP. The biggest asset borrowers in the national commercial bank in a report released Wednesday said 3/4 of the business income is negative. At the same time, weak prospects also hinder the company’s listing plan. Saudi policymakers are trying to mitigate the effects of fiscal austerity. The central bank loans for reconstruction of Saudi Arabia has unable to bear the loan. Salman in an interview with Bloomberg in April, said the Saudi government is developing a new mechanism for low-income people to rely on subsidies to provide cash. According to official data from Saudi Arabia, Saudi Arabia’s non oil economy in 2015 accounted for the proportion of the overall economy steadily rose to more than 55%. But such growth comes from investment in infrastructure and public spending to create jobs, and public spending depends on income from energy exports. This has led to a particularly painful cut. While the non oil economy in Saudi Arabia rose 0.4% in the first quarter of this year, after a contraction of $three in the first quarter of this year, private sector activity is still sluggish. Abu Dhabi commercial bank相关的主题文章: