{"id":376212,"date":"2020-10-01T09:20:52","date_gmt":"2020-10-01T03:50:52","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=376212"},"modified":"2020-10-01T09:44:45","modified_gmt":"2020-10-01T04:14:45","slug":"saudi-arabias-economy-shrank-by-7-in-q2-showing-depth-of-coronavirus-hit","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/saudi-arabias-economy-shrank-by-7-in-q2-showing-depth-of-coronavirus-hit\/","title":{"rendered":"Saudi Arabia&#8217;s economy shrank by 7% in Q2 showing depth of coronavirus hit"},"content":{"rendered":"<p>Saudi Arabia&#8217;s economy shrank by seven per cent in the second quarter, a sign of how deeply the new coronavirus hit both the oil and non-oil sectors, official data showed on Wednesday. <\/p>\n<p>The world\u2019s largest oil exporter is facing its worst-ever economic decline after the Covid-19 pandemic curbed global crude demand and measures to contain the coronavirus hurt domestic demand. <\/p>\n<p>&#8220;The private sector and the government sector recorded a negative growth rate of 10.1 per cent and 3.5 per cent, respectively,&#8221; said the General Authority for Statistics. <\/p>\n<p>In the first quarter, Saudi Arabia posted a one per cent economic contraction, as that only captured part of the oil price collapse and the pandemic impact, which escalated in March.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudi Arabia&#8217;s economy shrank by seven per cent in the second quarter, a sign of how deeply the new coronavirus hit both the oil and non-oil sectors, official data showed on Wednesday. The world\u2019s largest oil exporter is facing its worst-ever economic decline after the Covid-19 pandemic curbed global crude demand and measures to contain the coronavirus hurt domestic demand. &#8220;The private sector and the government sector recorded a negative growth rate of 10.1 per cent and 3.5 per cent, respectively,&#8221; said the General Authority for Statistics. In the first quarter, Saudi Arabia posted a one per cent economic contraction, [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[146,130,177],"tags":[],"class_list":["post-376212","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/376212","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=376212"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/376212\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=376212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=376212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=376212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}