Inflation Update – March 2021 (Gradual rise in consumption)
Macroeconomic ReportThe latest General Authority for Statistics (GaStat) March inflation release shows that prices rose by 4.9 percent year-on-year, and declined by 0.1 percent month-on-month.
Macroeconomic Update – November 2020: (Not bad, all things considered)
Macroeconomic ReportA less steeper decline than expected in Q2, and a stronger recovery in Q3 has led us to revise our non-oil GDP forecast for the Kingdom in 2020. All in all, we expect non-oil GDP to decline by 2.7 percent (compared to -3 percent previously).
Macroeconomic Update – August 2020: (Is the worst behind us?)
Macroeconomic ReportThe only change to our economic forecast for Saudi Arabia relates to the oil sector. Ongoing efforts by OPEC and partners (OPEC+) to stabilize oil markets have seen monumental efforts in oil diplomacy resulting in frequent adjustments in output targets, roll-overs, voluntary reductions and ‘catch ups for members of the oil producing alliance in the last few months.
