Saudi GDP growth set to turn positive in H2 2024
August 23, 2024-CreditSights maintains 'Outperform' call on the kingdom's sovereign bonds |
The oil-rich kingdom's real GDP shrank 0.4% year-on-year in Q2 2024, according to preliminary government data, as oil related activities declined. In 2023, real GDP shrank by 0.8% after rising 7.5% in 2022. |