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BusinessQuiet 12d · day 13

Saudi Arabia's economy shrinks 3.8% as oil output falls

The Arab region's largest economy struggles with fallout from the Iran war and escalations with Yemen's Houthi militants.

newest coverage 11d agosummary written 11d ago4 pieces NewswiresGoogle NewsMastodon

What to know

  • Saudi Arabia's economy contracted 3.8%, driven by falling oil output.
  • The decline reflects ongoing impacts from the Iran war and Houthi escalations with Yemen.
  • The kingdom, the Arab region's largest economy, is struggling to manage the regional conflict's economic toll.

“The Arab region's largest economy struggled to contain the fallout from the Iran war—even before the latest escalations with Yemen's Houthi militants.”

WSJ, reporting outlet · Wall Street Journal ↗

Saudi Arabia subject of economic report

How it unfolded 1 development · click the chart to see its coverage articlesposts

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  1. 1

    Saudi Arabia reports 3.8% economic contraction

    Saudi Arabia's economy, the Arab region's largest, shrank 3.8% as oil output declined. The contraction reflects ongoing fallout from the Iran war and recent escalations with Yemen's Houthi militants.

    1. 2 outlets Saudi Arabia’s Economy Shrinks 3.8% as Oil Output Falls

      first by WSJ, 11d ago · also Investing.com News

      1 more headline