Business & Finance
Saudi Economy Shrank at Slower Pace Before Houthi War Escalation
Key Points
Saudi Economy Shrank at Slower Pace Before Houthi War Escalation Saudi Arabia’s economy contracted again, albeit at a slower pace, putting the kingdom on track for one of its worst economic performances in years even before a recent escalation in the kingdom’s conflict with the Houthis. Gross domestic product shrank 3.8% year-on-year in the third quarter, according to preliminary data from the General Authority for Statistics on Sunday.
Saudi Economy Shrank at Slower Pace Before Houthi War Escalation
Saudi Arabia’s economy contracted again, albeit at a slower pace, putting the kingdom on track for one of its worst economic performances in years even before a recent escalation in the kingdom’s conflict with the Houthis.
Gross domestic product shrank 3.8% year-on-year in the third quarter, according to preliminary data from the General Authority for Statistics on Sunday.