The 1.4% y/y Q2 GDP growth in Saudi Arabia reported by the local statistics authority was significantly stronger than we had expected. But we find this difficult to square with the weaker low-profile data as well as anecdotal reports. Accordingly, while the data suggest that the economy is handling the drag from austerity better than we had feared, there’s a good chance that the figures will be revised down.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services