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"Euromoney Saudi Arabia 2015 starts 2 Riyadh

Assaf also said the global economy prospects face a number of risks that include political tensions, and insecurity and the risk of recession, and increased volatility in international capital markets as a result of a shift in the assessment of customers in the markets to the risk of investing in financial assets, especially if interest rates rise in the United States faster and much larger than expected with monetary policy to normal in a recovery of the US economy growth rates.
He expressed optimism that the start of the global economy out of the current situation characterized by low growth and the risk of a sharp downturn, noting that the indicators from Europe and Japan very optimistic, but it is not expected to return to levels close to the overall growth, which was in the last decade.
The Minister reviewed some economic and financial developments at the local level, as the Saudi economy witnessed strong growth rates over the last five years amounted to about 5% on average annually, pointing out that this growth came on the back of the continued expansion of economic activities in non-oil sectors exceeded the annual growth rates of 5%, which contributed to offset the impact of fluctuations in the oil sector, the growth rates of the macroeconomic performance.
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16:38 LOCAL TIME 13:38 GMT
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