“The overall economy was weighed down by shrinkage of 6.4% in the country’s oil sector, according to data released Tuesday by the General Authority for Statistics. Overall growth for 2019 is expected to accelerate to a modest 0.4%, according to the latest government estimates, before climbing to 2.3% next year.”

–Abeer Abu Omar, Bloomberg journalist, reporting about the Saudi economy in 2019 and projections for 2020. [Bloomberg.com]