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GDP grows 2.8% in 3Q 2024
Non-oil activity led growth at 4.3%
Picking up speed
Expansions in both oil and non-oil activities are expected to drive growth next year
Moody’s upgrades Saudi Arabia’s sovereign credit rating to Aa3
The Kingdom’s rating is now on par with Hong Kong and Belgium
GDP rebounds after four-month rut
Non-oil activity led growth at 4.2%
S&P upgrades Saudi’s sovereign credit rating outlook to positive
The revised outlook is underpinned by expectations that non-oil growth will remain strong
Industrial production volumes rise for the first time this year
The manufacturing sub-index recorded its sixth consecutive month of growth
Non-oil private sector activity expansion softens again in July
The headline figure remained firmly in expansion territory despite falling for the third consecutive month
Non-oil private sector activity grows at slowest pace since January 2022
New orders subindex settled at 56.0 in June from 59.5 a month earlier
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