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Saudi GDP seen slowing to 3.9% in 2012

Saudi lender, National Commercial Bank (NCB) has said the kingdom's real GDP is expected to slow down to around 3.9% in 2012, compared with 6.8% in 2011, Emirates 24-7 has reported. However, a surge in the country's oil income will likely widen its fiscal surplus, NCB said. The slowdown will be in both the oil and non-hydrocarbon sectors despite a modest increase in the country's crude output, the bank said.