Saudi Arabia's economy is slowing

Saudi Arabia's economy is slowing Washington (UPI) May 19, 2016 - The economy of Saudi Arabia is expected to slow down noticeably as a result of lower oil prices, though the fiscal policies are adapting, the IMF said Thursday. Moody's Investors Service this week lowered the credit rating for Saudi Arabia by one notch from Aa3 to A1. While strong when compared with other sovereigns, Moody's said the Saudi economy would not be spared from the pressure o ... more

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