{"id":2703,"date":"2024-10-17T20:54:56","date_gmt":"2024-10-17T17:54:56","guid":{"rendered":"https:\/\/relinvestmentsgroup.com\/?p=2703"},"modified":"2024-10-17T20:54:56","modified_gmt":"2024-10-17T17:54:56","slug":"silnyj-rost-neneftyanogo-vvp-saudovskoj-aravii-kotoryj-vyros-na-4-9-vo-vtorom-kvartale","status":"publish","type":"post","link":"https:\/\/relinvestmentsgroup.com\/en\/silnyj-rost-neneftyanogo-vvp-saudovskoj-aravii-kotoryj-vyros-na-4-9-vo-vtorom-kvartale\/","title":{"rendered":"Saudi non-oil GDP growth strong, up 4.9pc in Q2"},"content":{"rendered":"<p><\/p>\n<p class=\"p1\">The non-oil GDP growth in Saudi Arabia remains strong in the second quarter, recording a 4.9% increase year-on-year.<\/p>\n<p class=\"p1\">Lead indicators such as non-oil PMI remains healthy driven by jobs creation and new orders. Other high frequency data such as cement sales (+4% yoy in September) and the consumer spending (7% yoy)<span class=\"Apple-converted-space\">\u00a0 <\/span>indicate solid demand trend.<\/p>\n<p class=\"p1\">The Saudi preliminary budget for 2025 underscore the expansionary fiscal policy. The kingdom maintains significant fiscal space due to its low debt to GDP ratio.<\/p>\n<p class=\"p1\">The oil market outlook is shaped by two key factors: geopolitical tensions and China slow demand.<\/p>\n<p class=\"p1\">Geopolitical tension, it stated, was likely to maintain upward pressure on oil prices for the remainder of 2024. &#8220;We remain cautiously optimistic and forecast oil prices to be in the range of $75-80\/bbl, with upper end subject to prolonged tensions in the region,&#8221; it added.<\/p>\n<p><\/p>","protected":false},"excerpt":{"rendered":"<p>The non-oil GDP growth in Saudi Arabia remains strong in the second quarter, recording a 4.9% increase year-on-year. Lead indicators such as non-oil PMI remains healthy driven by jobs creation and new orders. Other high frequency data such as cement sales (+4% yoy in September) and the consumer spending (7% yoy)\u00a0 indicate solid demand trend. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2704,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2703","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bez-rubriki"],"featured_image_src":{"landsacpe":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/10\/Saudi-Arabia-44-1140x445.jpg",1140,445,true],"list":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/10\/Saudi-Arabia-44-463x348.jpg",463,348,true],"medium":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/10\/Saudi-Arabia-44-300x225.jpg",300,225,true],"full":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/10\/Saudi-Arabia-44.jpg",1200,900,false]},"_links":{"self":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/2703","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/comments?post=2703"}],"version-history":[{"count":1,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/2703\/revisions"}],"predecessor-version":[{"id":2705,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/2703\/revisions\/2705"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media\/2704"}],"wp:attachment":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media?parent=2703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/categories?post=2703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/tags?post=2703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}