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. |
GCC: Growth on the Rise, but Smart Spending Will Shape a Thriving Future June 19, 2025-Economic growth across the Gulf Cooperation Council (GCC) is projected to increase in the medium-term to 3.2% in 2025 and 4.50% in 2026. This growth is likely to be driven by the expected rollback of OPEC+ oil production cuts and robust expansion of non-oil sectors. |