Saudi Arabia Current Economic Situation

Private consumption should have reeled notably as the suspension of living allowances and weak consumer confidence likely dragged on spending in the quarter. Saudi arabia economic outlook. This page has economic forecasts for saudi arabia including a long term outlook for the next decades plus medium term expectations for the next four quarters and short term market predictions for the next release affecting the saudi arabia economy.

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Saudi arabia current economic situation. According to ipsos consolidated economic indicators based on monthly surveys conducted by ipsos the sub index for the current economic situation in saudi arabia stood at 63 9 points in april 2020. Saudi arabia has been trying to diversify its economy for decades as emphasised in vision 2030 launched by crown prince mohammad bin salman. The economy will have contracted at an even sharper pace in the second quarter due to domestic lockdown measures to contain the virus and oil production curtailments agreed under opec.

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