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Saudi Arabias External Balances Weakening on Oil Drop, IMF Says

Saudi Arabias current account balance is set to flip into deficit as oil prices decline and imports related to huge projects meant to transform the economy rise, the International Monetary Fund said.

Posted by Hicham ALAOUI RIZQ on 2024, Sep 04

Introduction

Saudi Arabias current account balance is set to flip into deficit as oil prices decline and imports related to huge projects meant to transform the economy rise, the International Monetary Fund said.

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