Saudi Arabia's central bank warns global slowdown may hit growth - Reuters:
Saudi Arabia’s economy is expected to pick up in 2019 but a global economic slowdown and its potential impact on the global oil market could impact growth, the Kingdom’s central bank said.
Saudi Arabia’s economy grew by 2.2% in 2018, driven by the oil sector, compared to a decline of 0.7% in 2017, the Saudi Arabian Monetary Authority (SAMA) said in a report.
The main risk for the Saudi economy comes from its exposure to the global oil market. The oil sector accounts for some 45% of Saudi GDP and more than 63% of government revenue.
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