Last quote by Steffen Hertog
Saudi Arabia currently is running down its overseas reserves at a fairly fast clip. If it ties up significant funds in illiquid investments, this will shorten the shelf-life of its peg to the U.S. dollar, the defense of which requires large-scale liquid foreign assets. There is a clear trade-off there that the current investment strategy does not seem to take into account.feedback
Steffen Hertog has been quoted in 2 different articles. Most recently, Steffen Hertog has been quoted saying, “Government hiring has slowed down due to austerity measures, while at the same time the private sector has started to stagnate. There's just a shortage of jobs.” in an article called Saudi job creation dries up as oil price slump hits broader economy. This is only one of 2 quotes from Steffen Hertog. To see more examples Steffen Hertog’s views and opinions, check out the section below. You can filter Steffen Hertog's quotes by date and by topic to see, for example, what Steffen Hertog said about sector recently and in the past.
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Quotes by Steffen Hertog
Mar 09 2016
Government hiring has slowed down due to austerity measures, while at the same time the private sector has started to stagnate. There's just a shortage of jobs.feedback
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