Citi Sees Saudi Economy Contracting 2.4% in 2026
Citi Research forecasts Saudi Arabia’s economy will contract 2.4% in 2026 after expanding 4.6% last year, citing disruption to oil production and slower non-oil growth. It projects oil-sector output will decline 16.7%, while non-oil growth slows to 1.9% from 5.1%.
6% last year, as disruption to oil production and weaker non-oil growth weigh on activity, Citi Research says. 1%. Althoug…