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Saudi data shows economy struggling
Published Thu, Mar 2, 2017 · 09:50 PM
Riyadh
DATA released this week by the Saudi central bank show how the economy is still struggling to gain momentum amid low oil prices.
The International Monetary Fund in January slashed its forecast for Saudi economic growth this year to 0.4 per cent from 2 per cent. The government says gross domestic product will likely expand by more than 1 per cent.
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