More ugly warning signs are popping up in Saudi Arabia
Reuters/Mohamed Al Hwaity
A bunch of warning signs have bubbled up in Saudi Arabia's economy over the past few months.
The Saudi economy grew at just 1.5% in the first quarter, compared with the year before — its slowest rate since 2013.
And while the oil sector grew by 5.1% year-over-year, the non-oil sector shrank by 0.7% — the weakest reading in at least five years.
Moreover, output in the construction sector shrank by 1.9% year-over-year in July.
And, most recently... Читать дальше...