Saudi Arabia’s economy enjoyed a relatively strong start to the year underpinned by its non-oil sector. But while GDP growth will accelerate this year as oil output rises, the coinciding slip in oil prices is already resulting in a firmer turn to fiscal consolidation that will weigh on non-oil activity later this year.
Drop-in: We will be hosting a 20-minute online briefing to discuss recent developments in the global oil market and how OPEC+ moves forward, as well as what this all means for the Gulf economies. Register here.
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