Saudi Arabian Economic Growth Slows to 2.8% in First Quarter
Saudi Arabia's GDP grew 2.8% in the first quarter as regional conflict disrupted energy facilities. The IMF lowered the kingdom's 2026 growth forecast to 3.1%.
Xurve View
Insights:
Xurve View
Saudi Arabia real GDP growth slowed to 2.8% in the first quarter as conflict in the region disrupted energy exports. This mark down from 3.7% growth a year ago follows the start of hostilities in late February. Investors face a cooling Gulf economy as energy facility damage and shipping blockades in the Strait of Hormuz persist.
