Growing economic prosperity , combined with robust GD P growth and lower unemployment, will help boost the amount of disposable income for Saudi households over our forecast period. Nevertheless, the unstable geopolitical backdrop will continue to exert pressure on the economy as well as the retail sector. Furthermore, the recent slump in oil prices will also continue to take its toll on the economy.
As one of the world's three largest oil producers, Saudi Arabia has become increasingly vulnerable to fluctuations in the oil sector. Due to the country's overproduction, the value of oil has notably fallen by over 60% since mid-2014 and this has evidently dented the country's budget. With the growing production around the world, it is unclear whether the benchmark will start rising again in the nearest future. Furthermore, Saudi Arabia's leadership has made multiple promises since the beginning of 2015 that it would not cut its oil production to reverse the price trend. Despite this, Real GDP growth will reach a forecast 3.2% in 2016 however is expected to decline to 2.7% during 2017.
Full Report Details at
- http://www.fastmr.com/prod/1109942_saudi_arabia_retail_report_q1.aspx?afid=301
The Saudi Arabia Retail Report has been researched at source and features BMI Research's independent assessment and forecasts for the retail sector. The report examines key drivers of retail sales growth and future prospects, including consumer spending and private sector investment.
BMI's Saudi Arabia Retail Report also examines the level of development and potential for growth of the retail sector, the commercial initiatives of major players, changing consumer demographics that influence demand and the regulatory environment. Key sub-sectors include mass grocery retail, autos, over-the-counter pharmaceuticals, computers and consumer electronics.
Key Benefits
* Benchmark BMI's independent retail industry forecasts for Saudi Arabia to test other views - a key input for successful budgeting and strategic business planning in the Saudi retail market.
* Target business opportunities and risks in Saudi Arabia through our reviews of latest industry trends, regulatory changes and major deals, projects and investments.
Coverage
BMI Industry View
Summary of BMI’s key forecasts and industry analysis, plus a discussion of major industry developments and a snapshot of key short-term demand-driving macroeconomic movements.
Industry SWOT Analysis
Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the retail sector and within the broader political, economic and business environment.
BMI Industry Forecasts
There are four separate 5-year forecast modules in the retail reports. These are:
* Headline Retail Forecast:
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Market Report, "Saudi Arabia Retail Report Q1 2016", published
Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001