Saudi Arabia GDP (Q4 2024, Flash Est.)

Saudi Arabia’s flash estimate of GDP showed that the economy grew by just 0.3% q/q in the final quarter of 2024, marking the slowest rate of expansion in a year. We think GDP growth will accelerate this year as oil output cuts are unwound, but activity in the non-oil sector is likely to soften on the back of a turn to fiscal consolidation.

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