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Wall Street Journal: War impacts Saudi economy
The article addresses the impact of the war between Saudi Arabia and Yemen on the Kingdom's economy. The crisis threatens an economic contraction and an expansion of the budget deficit, along with a decline in foreign investment and the suspension of some major projects. Saudi Arabia also faces significant security and economic challenges, including the depletion of missile interceptors and increased defense spending, which threaten efforts to diversify the economy and focus on the tourism and travel sectors. Conversely, Saudi Arabia continues to seek diplomatic solutions with Iran, amid warnings that escalating tensions could affect regional security and the national economic plans.
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