Saudi social and economic change proves to be a delicate balancing act
The World Bank issued a stark warning in its 2018 outlook for the Saudi economy. “The Kingdom likely faces a looming poverty problem,” the bank said.
The bank has since noted in its 2019 and 2020 outlooks that “while no official information is available on poverty, identifying and supporting low-income households is challenging.”
Dependent on world oil pr…
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