Saudi Arabia Consumer & Retail Q2 2020

Saudi Arabia Consumer & Retail Q2 2020

Key View:

While real private final consumption is forecast to outperform headline growth in 2020 at 2.5%, consumption levels areslowing down in comparison to 2019. This comes on the back of persistent weakness in the oil market, with our Oil & Gas teamprojecting a drop in oil prices in 2020, averaging USD62/bbl, down from USD64/bbl in 2019. As a result, the Saudi government willsee its revenues moderate and will increasingly adopt fiscal consolidation throughout 2020 and the remainder of our forecastperiod to 2024, putting downward pressure on consumer sentiment.

Key View
Consumer Outlook
Consumer & Retail SWOT
Industry Forecast
Consumer Spending
Household Characteristics
Consumer Demographics
Market Overview
Retail Trends
Consumer & Retail Glossary
Consumer & Retail Methodology

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