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Analysis by Region - MENA - Saudi Arabia

Publisher Oxford Economics
Published Jul 05, 2023
Length 8 Pages
SKU # OFE18071635

Description

Analysis by Region - MENA - Saudi Arabia



We expect the Saudi Arabian economy to grow by 1.1% this year, down from last month's forecast due to the additional cut to oil production. Driven mostly by a 5.4% y/y rise in non-oil activities last year, growth expanded by 3.9% y/y in Q1 2023. Oil activities were also 1.4% y/y higher in Q1, while government activities were much stronger than in the past few quarters at 4.9% y/y.

Table of Contents

8 Pages
Saudi Arabia: Medium-term growth and investment have been upgraded
Forecast overview
Recent developments
Short-term outlook
Key drivers of our Short-term Forecast
Economic risk
Economic risk evaluation
risk warnings
What to watch out for
Exposure to Key global risks
Background
Economic development
Structure of the economy
politics
Economic Policy

Pricing

Currency Rates
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