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Saudi Arabia: The Price Of Prudence

by Rajeeb Pramanik, India, ASEAN, and EMEA Strategist  

Unlike in the past, Saudi Arabia is currently pursuing a counter-cyclical policy. This is the right policy and could lead to a re-rating of this bourse in the long run. In the short term however, rising interest rates, tight fiscal policy and lower oil prices will lead to growth deceleration and weigh on share prices.

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