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FinancialNews


  • 06-09-18

    Saudi economy sees various positive indications in 2017

    (MENAFN) Saudi Arabia reportedly registered a range of economic indications with a good outlook in 2017, regardless of its narrowed 0.86-percent GDP.

    The minor drop witnessed in the GDP was driven by a 3.09 percent fall in the oil sector, despite the 1.05 percent boost seen in the non-oil sector.

    The figures have been unveiled by the Saudi Arabian Monetary Authority (SAMA) in its 54th annual report.

    The report added that the average consumer price index recorded a 0.9 percent decline last year from the 2 percent increase registered during the previous year.

    MENAFN0609201800450000ID1097394026

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