Saudi Arabia Consumer & Retail Q4 2018
2018 has seen considerable improvements in the outlook of Saudi consumers. Favourable economic conditionsstemming from higher oil prices, government stimulus and social reforms managed to push the economy out of its 2017 slump.Consumer confidence is on an upwards trajectory, which is encouraging growth in spending. We do caution that growth will remaintepid, as an introduction of VAT and cuts to energy subsidies begin to push up inflation. Overall the consumer outlook for SaudiArabia is a lot better than at the same time last year.
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