Saudi downturn deepens, blockade hits Qatar’s economy

Official GDP data show that the contraction in Saudi Arabia’s economy worsened in Q2 and our GDP Tracker suggests that downturn deepened further at the start of Q3. We expect a recovery to get underway in 2018-19, but it is likely to be weaker than most anticipate. Meanwhile, GDP data from Qatar confirmed that the blockade imposed by regional powers has dealt a blow to its economy.

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