Saudi economy likely worse in second-quarter despite June improvement: central bank governor | MarketScreener

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Speaking at the end of a virtual meeting of G20 finance authorities, Ahmed al-Kholifey stated he did not anticipate the Saudi economy to have improved in the second quarter regardless of a pickup in June.
Saudi Arabias economy diminished by 1% in the first quarter, as the coronavirus crisis and lower oil rates took their toll.
( Reporting by Marwa Rashad, Davide Barbuscia; Editing by Hugh Lawson).
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