13 Hrs
Source:
الاقتصادية
World Bank: Saudi Arabia Can Buffer War Impacts
According to World Bank reports, Saudi Arabia possesses significant financial resources that enable it to mitigate the economic repercussions of the war in the region. The country benefits from rising oil prices, improved production and exports, and substantial financial reserves, allowing it to effectively utilize fiscal policy to confront economic shocks, despite continuing to spend on developmental priorities and addressing the war's impacts. At the same time, the government anticipates an economic contraction of 3.6% this year, driven by a decline in oil activity, while the non-oil sector is expected to grow by 3.2%.
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