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Saudi Q1 economic growth slowest in 3 years

Monday, July 4, 2016 - 05:50

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The non-oil sector shrank 0.7 per cent, its worst performance in at least five years.

Dubai

SAUDI Arabia's economy expanded at its slowest rate in three years during the first quarter of 2016 as low oil prices forced the government to cut spending and raise costs for industry, official data showed on Sunday.

Some analysts said the data pointed to a risk that growth

sentifi.com

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