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Tag: Saudia Arabia

Mar 28, 2025
Week in Review

Saudia Arabia: Making strides toward economic growth

Over the past few years, Saudi Arabia’s economy has struggled with a slowdown due to budget challenges and oil production cuts. In 2023, its economy contracted to 0.8% following extended oil production cuts among the OPEC+ member states, of which Saudi Arabia is a top member, which continues to weigh on GDP growth, Reuters reports.