Al-Jadaan: Saudi investments cushion energy shock
Saudi Finance Minister Mohammed Al-Jadaan confirmed that the global economy still faces deep challenges despite its resilience. He pointed out that Saudi investments have helped mitigate the impacts of the global energy shock that would have been more severe without those investments. He highlighted that most Gulf countries have implemented structural reforms and built financial buffers, which have strengthened their ability to deal with economic shocks. However, he warned that increasing public debt levels and sovereign bond yields are heightening financial vulnerability and pose a threat to global economic stability.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)