Economics
Saudi Consumers Are Still Spending Like the Oil Slump Never Happened
- Rulers put stability first by shielding public from oil hit
- Result is budget deficit that IMF says can't be sustained long
Saudi Economy Not Dead: What Are Investors Missing?
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Spend the afternoon strolling through Riyadh’s shiny shopping malls, or an evening at one of its luxury restaurants, and you’d never guess there’s an oil slump.