FINANCIAL NEWS

Saudi’s economy grows in Q2

02 Oct 2016

(MENAFN) Saudi Arabia’s economy increased at its slowest rate in more than three years, while it has been weakening since early 2015 as cheap oil slashes state incomes.Moreover, GDP increased by 1.4 percent from a year earlier in the second quarter this year, after growth of 1.5 percent in the first quarter.Additionally, the oil sector enlarged by 1.6 percent from a year ago, slowing from 5.1 percent growth, while the non-oil sector grew by 0.4 percent.

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