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- Saudi Arabia promised to invest $ 600 billion to the United States During President Donald Trump’s visit there. However, the kingdom is currently implementing the deficiency and the levels spent on the promised levels if the oil has not received a higher degree of more difficult, will be extremely difficult.
If President Donald’s Trump likes almost great economic deals, it is low gas prices.
The current visit to the Gulf states brings these two levers to the confrontation.
There is a management glorious An investment from Saudi Arabia is $ 600 billion or in case of $ 1 trillion.
This is a mass number: $ 1 trillion, investment will be equal to the cost of the Sovereign Rover or the National GDP’s value of Saudi Arabia. Since the nation can provide long-term investment in the United States, it is likely to be sure that the low oil prices are currently in the prospect.
“The number is impressive, but its importance will result in depth, graphics and oil prices” John SfakianakisThe head of the Chief Economist and Chief Economist and research were explained at the Gulf Research Center in Riyadh Luck. “If oil revenues increase, funding such liabilities will be able to finance the state in the absence of careful management. “
The oil is currently about 60% of Kingdom revenues. Gulf news.
“These gills are certainly great,” The Mayan Senussi, the leading economy of the Oxford economy must face the economy economy. Fortune in an email. “In our opinion, priorities, which focus on public financial prices, public financial and internal vision priorities, are likely to be partially in a four-year period.” (Sight 2030, aims to diversify the Saudi economy through massive public works projects value Is higher than $ 1.5 trillion.)
The situation of Saudi Arabia needs even $ 96 in oil prices to spend money on oil prices for oil prices estimated. (The other Approximate Put the number a barrel above $ 100.)
International evaluation, currently Brent Crude, currently trades about $ 65 a barrel. In January, this price was $ 79, the president was a number that Trump was doing several.
“I will also ask Saudi Arabia and OPEC to reduce oil costs,” he said. World Economic Forum On January 23. “You have to get it down, he is surprised that he did nothing before the election,” he said. “It didn’t show a lot of love.”
This love was perhaps a few months late in the arrival, but came to OPEC, announced the increase in oil for May and June and June. Saudi ‘movement “seems to be an unspoken gift for Trump” write Reuters corner writer Ron Bousso. The decline in gasoline prices “Trump has already hit a great victory”, a large worker in energy security and strategic and international research, wrote a large worker on Wednesday.
This price remains as much as possible.
Economist Question $ 600B
Many observers doubted $ 600 billion, and called it abnormally. One Fact sheet Details given by the White House are $ 282 billion in $ 282 billion, and the United States is $ 282 billion in weapons.
Paul Donovan, chief economist of UBS global wealth management, write This week, a $ 600 billion plan “A fan of the operation, in fact, a fan that does not change anything. No economic forecasts are required to change the announcement.”
Ziad Duoud, when it comes to $ 1 trillion in places where the Trump is looking for Bloomberg‘s said that economists in the markets New York Times It was “far”.
As with, about 600 billion dollars about 60% of Saudi Arabia’s GDP and about 40% of the current foreign assets, the member of the Arab Gulf States and the former IMF official. The target meeting will require foreign imports from these sources from the United States to call this for the next four years write at the beginning of this year. “In the United States, Saudi investments in the United States,” he said, “The scale of an obligation looks great,” Saudi said.
2030, which complicates the obligation, is an ambitious program of public affairs and economic diversification value Rated $ 1.3 trillion. These domestic requirements have pushed the kingdom Defisitive costs. Now add the price of oil and the price of Saudi Arabia deficit Up to $ 70 billion by the end of this year, Goldman Sachs told the Farouk Soussa CNBC.
Saudi Arabia can afford some short-term deficits costs, but likely to shut down the gaps, to sell assets or increase taxes, probably sauces.
Large numbers, in the arts
Trump claims Saudi Arabia, a figure called 450 billion US dollars in the first period, the Arab Gulf Institute, saying “in a close place” was not a reality.
Trump would be the first state official to disappoint only reality to announce a bomb public project. Politicians Job Friendly Bona Fake, so many things like debunking these claims have be a cottage industry.
“Be honest, the announcements are always at a high level. The actual effect is as great. But the sign is positive,” Simon Johnson, Nobel Prize-winning MIT Economist Fortune. Johnson has previously suggested that CEOs are often on the swing, announcing development deals, and it will be on the best side of Trump.damage“
In the first period of Trump, “There are many promises that do not come to the fruit,” Johnson said. “But this is the nature of the business: it does not happen in one night if you put a big investment.”
This story was first displayed Fortune.com
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