Middle East & North Africa Economics

Middle East Data Response

2 July, 2015

Saudi Arabia GDP (Q1)

The pick-up in Saudi GDP growth in the first quarter of this year, to 2.4% y/y, was supported by a rebound in the oil sector and robust activity in the non-oil sector. These data confirm our view that that lower oil prices wouldn’t cause activity in Saudi Arabia’s economy to collapse, as some had feared.

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