In the news: Saudi Arabia’s upgrade

With strong first quarter results and the Crown Prince’s 2030 Vision in place, Saudi Arabia’s economy is on course to rise
by Bethan Rees

Things are finally starting to look bright for Saudi Arabia’s economy after four consecutive quarters of recession, triggered by a reduction in oil prices and structural reforms.

Middle Eastern news outlet Al Bawaba reports that the oil-producing country’s national accounts show a significant recovery in the first quarter of 2018, with annual real GDP growth of 1.2%, thanks to rising oil prices and a “surge in the non-crude sector”.
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Published: 05 Jul 2018
  • The Review
  • economy
  • Middle East
  • Islamic finance

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