Saudi Arabia's Q3 GDP Shrinks 3.8% as Economy Contracts Again Before Houthi Escalation

3 articles · Updated · Bloomberg · Nov 1

Preliminary data showed Saudi Arabia’s gross domestic product fell 3.8% year on year in the third quarter, extending the kingdom’s economic contraction.
That marked a slower pace of decline than earlier periods, but still left Saudi Arabia on track for one of its weakest annual economic performances in years.
The figures cover a period before the latest escalation in Saudi Arabia’s conflict with the Houthis, pointing to economic strain even before the renewed security pressure.

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