The contraction of the Saudi economy slowed in the third quarter of this year to 3.8% on an annual basis, compared to a contraction of 4.7% in the second quarter, supported by the growth of non-oil activity, according to the General Authority for Statistics. Oil activity decreases by 20.4%, non-oil activity increases by 1.9%.

The contraction of the Saudi economy slowed in the third quarter of this year to 3.8% on an annual basis, compared to a contraction of 4.7% in the second quarter, supported by the growth of non-oil activity, according to the General Authority for Statistics. Oil activity decreases by 20.4%, non-oil activity increases by 1.9%.