Saudi Arabia's Economy Is Starting to Show More Signs of Life - Bloomberg:
It’s far from booming, but things are finally starting to look up for Saudi Arabia’s non-oil economy.
Bank lending to private businesses grew last quarter at the fastest pace since 2016 and a gauge of economic activity rose the most in over a year. Consumer spending also improved, albeit slightly.
Early signs of a turnaround suggest that the rout which followed the 2014 oil crash has run its course as a gradual recovery takes hold, helped by an increase in public spending.
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