Covid recovery, oil curbs create a split-screen Saudi economy ...Qatar

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. The non-oil sector grew 3.3% from a year earlier, the strongest since 2019, according to preliminary estimates released on Monday by the kingdom’s General Authority for Statistics. Final figures are scheduled to be released in June. Business in the world’s largest crude exporter is gradually returning to normal after the twin crisis caused by oil-market turmoil and coronavirus-related lockdowns. Consumer spending is rebounding and officials plan to partially reopen the kingdom’s borders on May 17

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