UPDATE 1-Saudi finmin sees weaker 2019 GDP growth due to OPEC-led cuts - Reuters:
Saudi Arabia’s economic growth in 2019 will be significantly less than the kingdom had expected because of OPEC-led oil output cuts, but the attack on Aramco had “zero” impact on revenue, the country’s finance minister said on Wednesday.
“Total GDP is going to be significantly less than what we have forecasted,” Mohammed al-Jadaan told Reuters in an interview in Riyadh, referring to internal estimates.
Jadaan said the oil-driven GDP is influenced by Saudi Arabia’s lower petroleum output in the wake of an OPEC-led supply deal to support oil markets.
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