, Columnist
Saudi Arabia Slows Down To Speed Up
Turns out overhauling an oil-dependent economy in an oil crash isn't easy.
This article is for subscribers only.
Watching stuff slow down but somehow feeling like things are speeding up sounds like something that might happen in hyperspace -- or, you know, Saudi Arabia in 2017.
It appears the government's ambitious reform plan, sprung upon the world with great fanfare last year, was perhaps a tad too ambitious. Reports emerged this week that it will get a do-over to make it "more focused". Given some of the problems experienced so far in giving Saudi Arabians a taste of reform, plus the sheer magnitude of the proposed overhaul, the correct response to this news is something along the lines of "like, duh."
