‘Too Early to Say’ If Saudi Recovery Can Take V-Shape: Governor

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Jul.06 -- Saudi Arabia's central bank governor, Ahmed Alkholifey, discusses the economy, reserves and consumer spending in an interview on "Bloomberg Surveillance."
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KSA will only rise economically via demand-side stimulus. The oil market projections are broken because organic chemistry does not stay the same over twenty years, and neither does applied geophysics. Their only relevant optimism lies in diversification of their economic output through the direct provision of goods, nay financial services.
In short, less Hawala, more Zakat!

willjennings