Saudi Arabia’s Q3 GDP shrinks 4.5% y/y on sharp decline in oil activity
Saudi Arabia‘s real gross domestic product (GDP) contracted by 4.5% in the third quarter, according to preliminary government data on Tuesday, weighed down by a sharp fall in oil activity. Oil activities decreased by 17.3% in the third quarter from a year earlier, the General Authority for Statistics data showed, pulling overall growth lower despite … Read more