Skip to content
Subscriber Only
Business
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
Video player cover image

Saudi Economy Not Dead: What Are Investors Missing?

Updated on

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.

QuickTake Saudi Arabia