Saudi consumer spending hits buffers
Issue 1019
- 15 Jul 2016
| 1 minute read
Consumer spending appears to be on the slide in the face of the government’s austerity drive, rising inflation and cuts to subsidies. Household consumption grew by 6.7% in 2015, according to Capital Economics, helped by a bonus paid to public sector workers when King Salman Bin Abdelaziz came to the throne.
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