Saudi Arabia Consumer & Retail Q1 2020
:In line with a downward revision to economic growth, private consumption will begin to slow over 2020. While we stillhold a positive outlook for the Saudi consumer over the short term, high frequency data is beginning to suggest that consumers areat the peak of their purchasing cycle. The downward trend in the price of oil will put pressure on the state's fiscus and its substantialsocial spending programme.
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