Saudi Arabia Consumer & Retail Q1 2019
The Saudi consumer has so far weathered the higher prices coming from the introduction of VAT earlier this year. Higheroil prices and government stimulus have offered a solid brace for consumers. While inflation has increased dramatically, it hasstabilised over the past months and consumer confidence remains on an upward trajectory. However, recent political developmentsdoes threaten this and does is a risk to confidence levels going forward.
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