Central Statistics Office

Central Statistics Office latest

Another reason for the slowdown may be that households balance sheets are stretched after a surge in consumer borrowing over the past few years.

July 7th, 2014 - 11:42 GMT

Bad decisions always bite: labor crackdown, consumer borrowing suggested as potential reasons for Saudi Arabia's slowed economic growth

In the first quarter, growth in all three sectors that relied on cheap foreign labor — construction, retail and transport — slowed markedly from a year ago.

Central Statistics Office latest

Bad decisions always bite: labor crackdown, consumer borrowing suggested as potential reasons for Saudi Arabia's slowed economic growth

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