Saudi Arabia's Economy Contracts Again Amidst Regional Conflicts
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Insights by Echo AI
Saudi Arabia's economy contracted by 3.8% in the third quarter of 2026, marking the second consecutive quarter of negative growth. This slowdown was driven by a 20.4% drop in oil activities, while the non-oil sector grew at a modest pace of 1.9%. The economic performance comes amidst regional wars and disruptions to the energy sector and oil exports. The Saudi government has raised its estimates for the 2026 budget deficit to 4.9% of GDP, predicting a 3.6% contraction in the economy for the year.
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Saudi Arabia’s economy contracted again, albeit at a slower pace, putt...
RT @business: Saudi Arabia’s economy contracted again, albeit at a slo...
Σαουδική Αραβία: Η οικονομία της συρρικνώθηκε με πιο αργό ρυθμό πριν α...
♦️ عاجل | وكالة بلومبرغ: الاقتصاد السعودي ينكمش بنسبة 3.8% خلال الربع...
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