Middle East & North Africa Economics

Middle East Economics Update

31 January, 2019

Saudi Arabia: oil output cuts to cause fresh slowdown

Our GDP Tracker suggests that the Saudi economy gathered pace towards the end of last year, recording growth of as much as 5% y/y. But oil output cuts, combined with a tightening of fiscal policy in the second half of the year, will cause GDP growth to slow in 2019 and our forecasts lie below the consensus.

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