Goldman says Saudi Arabia is ‘here to stay’, but at the expense of the economy
By Paul Abelsky Saudi Arabia is sacrificing non-oil economic growth with fiscal policies designed to ensure the stability of its currency peg during a period of low crude prices, according to Goldman Sachs Group Inc. “Maintaining the riyal’s peg at current levels remains a key political priority for the Saudi authorities,” Farouk Soussa, London-based analyst […]
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