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Global crisis to cut inflation says Saudi minister

Riyadh, October 14, 2008

The oil-based Saudi economy will continue to show "reassuring" growth rates despite the global financial crisis, which is expected to ease inflation, the economy minister said in remarks published on Tuesday.

The global crisis is expected to reduce food prices, construction and other input costs, economy and planning minister Khaled bin Mohammad Al-Qusaibi wrote in a column published by al-Jazirah newspaper.-Reuters




Tags: inflation | Crisis | Saudi minister |

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