01771cas a2200241 a 4500 AALejournalIMF017168 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475539523 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Middle East and Central Asia Dept. Saudi Arabia : 2016 Article IV Consultation-Press Release; Staff Report; and Informational Annex. Washington, D.C. : International Monetary Fund, 2016. 1 online resource (80 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This 2016 Article IV Consultation highlights that real GDP growth in Saudi Arabia is expected to slow to 1.2 percent in 2016, but recover to 2 percent in 2017 as the pace of fiscal consolidation eases. Inflation has risen in recent months to more than 4 percent owing to increase in energy and water prices. Bank deposits have declined, but growth of credit to the private sector remains strong. Capital buffers are high, nonperforming loans low, and banks are well provisioned against loan losses. The current account deficit is projected to narrow to 6.4 percent of GDP in 2016 and then move close to balance by 2021 as oil prices partial recover. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2016/326 Full text available on IMF http://elibrary.imf.org/view/journals/002/2016/326/002.2016.issue-326-en.xml IMF e-Library