Citi Says Saudi GDP Fell 3.8% in Q3 as Oil Activity Dropped 20.4%
Citi Research analysts attributed the kingdom’s year-on-year GDP contraction to lower oil output from disrupted production.
0806 GMT - Saudi Arabia's fall in gross domestic product is entirely attributable to lower oil output from disrupted production, according to Citi Research analysts. The kingdom's GDP shrank 3.8% on year in the third quarter, weighed down by a 20.4% decline in oil activities. "In annual terms, the…