SAUDI ARABIA GDP UP 1.9%
IMF - On July 10, 2019, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV Consultation with Saudi Arabia.
Real non-oil growth is expected to strengthen to 2.9 percent in 2019 as government spending and confidence increase, but real GDP growth is projected to slow to 1.9 percent as real oil growth slows to 0.7 percent with the implementation of the OPEC+ agreement. Growth is expected to pick-up over the medium-term as ongoing reforms take hold. The unemployment rate among Saudi nationals has moved down but…
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