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Robust non-oil growth this year, with inflation peaking at 2% in 2H 2024 — Capital Economics
CE warned of a major risk in case of a plunge in oil prices under USD 70 a barrel
Makkah hotel prices + occupancy rise in Ramadan
Hotels in Central Makkah maintained 100% occupancy rate in the past 18 months
Consumer prices rose again in February
Producer prices rose 3.1% y-o-y last month
IMF Executive Director Mahmoud Mohieldin on the regional and global outlook for 2024
Mohieldin sees the “center of economic gravity” shifting towards the East, though challenges for emerging markets persist
Saudi CEOs are expecting better returns in the short run, citing an optimistic economic outlook
74% of the respondents are likely to up their talent acquisition by 5% or more in the next 12 months
Inflation slightly up 1.6% in January, backed by rents
Rent continues to drive the trend upwards
Consumer price growth cooled in December 2023 to lowest rate in more than a year
Inflation came in a 2.3% on average in 2023
The OECD warns of higher-for-longer rates in 2024, contrary to bullish markets
The OECD blamed its outlook on cost pressures and rising food and energy prices
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