Saudi Arabia’s inflation rate has been remarkably soft relative to most of the emerging world in the post-pandemic era and we think it will slow further – and be weaker than most expect – over the coming years. Given the constraint of the dollar peg, this could help to improve the competitiveness of Saudi’s non-oil sector, but it also risks making debt dynamics worse.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.