Bloomberg monitors increasing pressures and deficits in the Saudi economy ..اخبار محلية

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Recent economic reports based on the analyses of the “Bloomberg” agency and the monitoring of the International Monetary Fund’s indicators indicated that the Saudi economy faces increasing pressures manifested in the slowdown and contraction of some economic sectors during the recent quarters, amid estimates of the gross domestic product being affected as a result of the continuous regional tensions and their direct field repercussions.Follow-ups — Al-Khabar Al-Yemeni:These indicators coincided with the widening of the scope of the general budget deficit of the Kingdom, affected by the rise in the bill of military and security spending and the costs of the regional geopolitical challenges imposed by the developments of the events in the region and the operations coming from Yemen.On the financial and investment level, the Saudi stock market index recorded a remarkable decline that brought it close to its lowest levels in several years, affected by the state of instability and the decline of confidence and temporary investment attractiveness due to the escalation of security tensions, at a time when the readings vary between the international economic analyses that link these declines to the security risks and their effects on supply chains and foreign investment, and the official interpretations that attribute part of these fluctuations to the cycles of global markets and the decline of energy prices and the burdens of economic transformation.

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