UPDATE 2-Saudi economic growth slows sharply in Q2, raising recession risk - Reuters:
Saudi Arabia’s economy slowed sharply in the second quarter amid oil output cuts by the world’s largest crude exporter, government data showed on Monday, raising fears of an economic contraction this year.
The economy grew by 0.5% in the second quarter from a year earlier, down from annual growth of 1.66% in the first quarter of 2019.
It last contracted in 2017 before recovering to 2.2% growth last year, helped by strong oil output.
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