Saudi economy shrank 3.8% in fourth quarter: Preliminary data
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Last Updated: Feb 10, 2021, 12:22 PM IST
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Synopsis
The “flash estimates” for quarterly gross domestic product by Saudi Arabia’s General Authority for Statistics did not have a breakdown on how the oil and non-oil sectors performed in the three-month period to the end of December.
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DUBAI: Saudi Arabia s economy shrank by 3.8% in the fourth quarter from the same period a year earlier, preliminary government data showed on Wednesday, but it grew 2.8% on a quarterly basis.
The “flash estimates” for quarterly gross domestic product by Saudi Arabia’s General Authority for Statistics did not have a breakdown on how the oil and non-oil sectors performed in the three-month period to the end of December.