✉news BusinessEconomy first seen 6 d ago, last 4 d ago, peak #1
Saudi Arabia's Economy Shrinks 3.8% as Oil Output Falls
Original: Saudi Arabia’s Economy Shrinks 3.8% as Oil Output Falls
Saudi Arabia's economy contracted by 3.8%, driven largely by a decline in oil production. The contraction highlights the kingdom's continued dependence on crude output, which is being trimmed under OPEC+ supply cuts, and raises questions about growth prospects for the region's largest economy as it pursues diversification plans.
Why now: Oil production cuts under OPEC+ agreements are visibly dragging down the GDP of the world's largest crude exporter.
Rank over time, top of the chart is #1. 10 snapshots from 6 d ago to 4 d ago.
Evidence
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