Reasons to be cheerful about the Saudi economy amid pandemic gloom – ArabianBusiness
- Date: 22-Jan-2022
- Source: Arabian Business
- Sector:Economy
- Country:Saudi Arabia
Reasons to be cheerful about the Saudi economy amid pandemic gloom – ArabianBusiness
The Saudi economy is expected to register growth of more than 11 percent in the fourth quarter of 2021, the highest among G-20 countries, according to latest data from IHS Markit.
The strong Q4 growth rate is 4.5 percent better than the next best G-20 performer Italy as the Gulf kingdom continues to rebound from the impact of the global coronavirus pandemic.
The Saudi GDP growth rate reached 7 percent in the third quarter of 2021, the highest annual growth rate since 2012, reported Saudi Press Agency on Tuesday.
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