Saudi Economy Shrinks as Middle East Conflict Takes Heavy Toll: How Markets React?
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Key Highlights
Orta Doğu çatışmasının Suudi Arabistan ekonomisine ağır darbe vurdu. Son çeyrekteki %5,2 büyüme oranı, 2024 yılı için %2,1'e düştü. Bütçe açığı, 2023'
The Middle East conflict has heavily impacted Saudi Arabia's economy. Q3 growth slowed to 5.2%, down from 2023's 2.1%. Fiscal deficit rose from 1.8% in 2023 to 3.5% in 2024. The Saudi Riyal weakened against the Dollar, increasing national borrowing costs. A 12.5% drop in oil exports led to a $12 billion loss in national revenue. ECB's rate path delayed impacts on Saudi markets. Experts cut Saudi 2025 growth forecasts to 1.5%.
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