Sunday, January 24, 2010

Good Plan

Perhaps we should consider it ourselves.

Jan. 24 (Bloomberg) -- Saudi Arabian Finance Minister Ibrahim al-Assaf said the kingdom will continue to pump money to boost growth in 2010, even as the economy rebounds from last year’s stagnation.

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Saudi Arabia, the world’s largest oil exporter, is spending $400 billion on infrastructure over a five-year period starting from 2009 to stimulate the economy. Rising oil prices, which have rebounded to around $75 a barrel from less than $35 in February, are also likely to boost growth this year.