Middle East & North Africa Economics

Middle East Data Response

30 June, 2017

Saudi Arabia GDP (Q1)

Saudi Arabia’s economy recorded its first outright contraction since the global financial crisis in Q1, driven by the impact of oil production cuts. The contraction is likely to deepen over the rest of year and, while the economy should return to growth by next year, the pace of growth is likely to be weaker than most expect.

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