• Type General news
  • Date 5 March 2020

Saudi Arabia’s new policies can tackle drop in oil prices: study

Arab News

A KAPSARC study has revealed that the drop in oil prices after 2012 did not create any structural break in either the long- or short-run relationship of the non-oil GDP with the government’s current and capital expenditure.

The KAPSARC paper found that the Saudi fiscal initiatives play a vital role in keeping the non-oil sector at the heart of the country’s economic development.

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