IMF: Houthi Attacks Have Limited Economic Impact on Saudi Arabia
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Insights by Echo AI
Houthi attacks on Saudi Arabia have had only a 'limited' economic impact so far, according to the IMF's regional director. The kingdom's robust domestic demand has cushioned the effects of recent attacks on oil facilities and airports. However, geopolitical uncertainty remains a threat, and the economy is expected to contract by 3.3% this year due to other factors.
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