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Pandemic Recovery, Oil Curbs Create a Split-Screen Saudi Economy

  • Non-oil growth seen at pre-pandemic levels in first quarter
  • Oil sector contracted most in a decade on production cuts
The Month That Shook The Saudi Economy
Photographer: Tasneem Alsultan/Bloomberg
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Saudi Arabia’s non-oil economy -- the engine of job creation -- rebounded in the first quarter to pre-pandemic levels, even as the overall economy was dragged into contraction by oil-production cuts.