Saudi Arabia’s economy grows +1.66pc in Q1

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Saudi Arabia’s economy grows +1.66pc in Q1

DUBAI: Saudi Arabia’s economy grew 1.66pc in the first quarter of this year, government data showed on Sunday.

After contracting in 2017, the Saudi economy grew 2.2 percent last year, but is forecast to grow more modestly this year.

The IMF forecasts overall economic growth at 1.9pc this year.