Saudi Arabia

    The country’s gross domestic product could grow by more than 4 percent in 2011, according to Ibrahim Alassaf, Saudi Arabia’s finance minister. The official said Jan. 22 that this expected growth is larger than 2010’s, which reached 3.8 percent, Reuters reports. However, Alassaf added that while there are signs that inflation is easing, the government will remain vigilant about it.

    About the author

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      Ivy Mungcal

      As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.