TA的每日心情 | 慵懒 2018-11-21 09:39 |
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签到天数: 69 天 [LV.6]常住居民II
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Saudi businessmen can now go for broke. A new bankruptcy law takes effect tomorrow, the country’s first. It replaces the old patchwork of royal decrees, under which liquidations could take a decade or more to wind through the courts. The law should help the crown prince, Muhammad bin Salman, woo investors to energise the hidebound economy. Saudi Arabia is pulling out of a recession, with 1.2% growth in the most recent quarter. But much of that is down to higher government spending. Private non-oil business is sluggish, and the IMF predicts it will stay like that until 2023. Some 7% of expats—around 700,000 in total—have left over the past five quarters. But that does not mean more jobs for Saudis. The unemployment rate for nationals ticked up slightly to 12.9%. Many businesses are struggling with subsidy cuts that raised electricity and fuel prices. Changing the laws is easy; creating jobs is harder.
go for broke:
A gambling term meaning risking everything to reap substantial reward.
— I'm goin' for broke on this hand.
这里是这意思么? 赌一把?还是破产? |
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