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The Trump Effect: The Potential Impact of the U.S. President on the Saudi Economy
Real gross domestic product (output after accounting for inflation) grew by 1.3% in 2024 compared to -0.8% in 2023. The non-oil sector grew by 3.9%, broadly unchanged from 2023, while oil GDP declined by 4.5% (9% decline in 2023) due to the continued oil …