Saudi Arabia: Q1 GDP final estimate

Saudi Arabia has revised up its Q1 growth print to 3.4% y/y, from 2.7% previously.
We are maintaining our non-oil GDP growth forecast of 4.5% for the year.
We have revised up our oil GDP growth forecast to 3.5%, from 2.5% previously.
This puts our headline GDP growth forecast at 3.6% in 2025, from 3.3% previously.

Daniel Richards