Modification de Saudi Arabia s Q3 GDP Shrinks 4.5 Y y On Sharp Decline In Oil...
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DUBAI, Oct 31 (Reuters) - Saudi Arabia's real gross domestic product (GDP) contracted by 4.5% in the third quarter, according to | DUBAI, Oct 31 (Reuters) - Saudi Arabia's real gross domestic product (GDP) contracted by 4.5% in the third quarter, according to preliminary government data on Tuesday, weighed down by a sharp fall in oil activity.<br><br>Oil [https://www.thefashionablehousewife.com/?s=activities%20decreased activities decreased] by 17.3% in the third quarter from a year earlier, the General Authority for Statistics data showed, pulling overall growth lower despite non-oil growth of 3.6% and expansion in government activities of 1.9%.<br><br>The kingdom, which is the world's top oil exporter, [https://xaydungtrangtrinoithat.com/cong-ty-xay-dung-tai-binh-duong/ công ty xây dựng dĩ an] estimates overall GDP growth to slow sharply in 2023 from last year, to 0.03%, narrowly avoiding a contraction, and a budget deficit of 2% of GDP.<br><br>(Reporting by Rachna Uppal; Editing by Jacqueline Wong) |