{"id":614192,"date":"2023-11-01T12:03:08","date_gmt":"2023-11-01T06:33:08","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=614192"},"modified":"2023-11-01T12:03:08","modified_gmt":"2023-11-01T06:33:08","slug":"saudi-arabias-q3-gdp-shrinks-4-5-year-on-year-as-oil-cuts-weigh","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/saudi-arabias-q3-gdp-shrinks-4-5-year-on-year-as-oil-cuts-weigh\/","title":{"rendered":"Saudi Arabia&#8217;s Q3 GDP shrinks 4.5% year on year as oil cuts weigh"},"content":{"rendered":"<p>Saudi Arabia&#8217;s real gross domestic product (GDP) contracted by 4.5% in the third quarter, according to preliminary government data on Tuesday, weighed down by a sharp fall in oil activity on the back of cuts to crude production.<\/p>\n<p>Economic growth surged last year amid a huge windfall from high oil prices which averaged about $100 per barrel, resulting in the highest GDP growth among G20 nations and the country&#8217;s first budget surplus in almost a decade.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudi Arabia&#8217;s real gross domestic product (GDP) contracted by 4.5% in the third quarter, according to preliminary government data on Tuesday, weighed down by a sharp fall in oil activity on the back of cuts to crude production. Economic growth surged last year amid a huge windfall from high oil prices which averaged about $100 per barrel, resulting in the highest GDP growth among G20 nations and the country&#8217;s first budget surplus in almost a decade.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-614192","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/614192","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=614192"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/614192\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=614192"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=614192"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=614192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}