Saudi Recession Remains Largely an Oil-Volume Shock — Market Talk
Saudi Arabia's recession remains overwhelmingly an oil-volume shock, with the broader economy showing relative resilience, Citi says. GDP contracted 4.8% on quarter in the second quarter after falling 1.4% in the first, but oil activity plunged 21.6% while non-oil activity slipped just 0.4%. Non-oi…
Saudi Arabia's recession remains overwhelmingly an oil-volume shock, with the broader economy showing relative resilience, Citi says. 4%. Non-oi…