Inflation Update – March 2021 (Gradual rise in consumption)
Macroeconomic ReportThe latest General Authority for Statistics (GaStat) March inflation release shows that prices rose by 4.9 percent year-on-year, and declined by 0.1 percent month-on-month.
Macroeconomic Update – August 2020: (Is the worst behind us?)
Macroeconomic ReportThe only change to our economic forecast for Saudi Arabia relates to the oil sector. Ongoing efforts by OPEC and partners (OPEC+) to stabilize oil markets have seen monumental efforts in oil diplomacy resulting in frequent adjustments in output targets, roll-overs, voluntary reductions and ‘catch ups for members of the oil producing alliance in the last few months.
Macroeconomic Update – November 2019: (Consistent growth in non-oil activity)
Macroeconomic Reportn light of recent economic data, our revised forecast points to a modest level of growth in the Kingdom in 2019. Further downward revision in oil sector GDP means that we now see overall growth at 0.2 percent, versus 1.6 percent previously.
