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Saudi Arabia's oil fuelled economic boom causes inflation and disparity

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Saudi Arabia's oil fuelled economic boom causes inflation and disparity

Submitted by Khalid on Sat, 2007/11/17 - 11:01

Just like Egypt is having an economic boom that leaves out the poor, Reuters has an article describing consumerism in Saudi Arabia caused by the rise of oil prices from $10 per barrel to $100 in less than a decade.

As the rich get richer, the gap between them and the poor widens, and inflation takes its toll on them the most.

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