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International tourists spend a record SAR 169 bn in 2024
Inbound tourists hit a record 29.7 mn
GCC could see external funding outflows due to the Israel-Iran conflict -S&P Global
External funding outflows could reach around USD 240 bn
The GCC could see short-term gains from the Iran-Israel conflict. Longer-term impacts are less certain.
Economists are weighing different scenarios depending on both the intensity and the duration of the conflict
Inflation falls slightly to 2.2% y-o-y in May
This keeps the Kingdom’s inflation just shy of its fastest pace in nearly two years
Israel-Iran escalation puts Saudi economy at a critical juncture
The military strikes have already driven oil prices higher
World Bank sees global growth slowing to a near two decade low in 2025
The 2.3% global growth forecast would mark the slowest rate of growth in almost 17 years
World Bank keeps GDP growth forecast unchanged at 2.8% in 2025
The forecast for the current year reflects a gradual expansion of oil production
GDP growth revised up to 3.4% in 1Q 2025
Oil activity declined at a slower rate
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