Impact of Houthi attacks on Saudi economy 'limited' for now: IMF
Impact of Houthi attacks on Saudi economy 'limited' for now: IMF Houthi attacks on Saudi Arabia are having only a "limited" economic impact on the kingdom so far, owing to robust domestic demand, the IMF's regional director told AFP, though geopolitical uncertainty remains a threat. The Iranian-backed Yemeni group has ramped up its attacks on Saudi Arabia in recent weeks, hitting oil facilities…
The International Monetary Fund (IMF) has stated that the impact of Houthi attacks on Saudi Arabia's economy has been limited so far, according to the regional director who spoke to AFP. Despite the Iranian-backed Yemeni group ramping up its attacks on Saudi Arabia in recent weeks, including targeting oil facilities and airports, Saudi Arabia's robust domestic demand has helped mitigate the economic impact.
The world's largest oil exporter has faced challenges from Iran's blockade of the Strait of Hormuz and the Houthis' declaration of a maritime blockade, but crude shipments have continued to move, according to Jihad Azour.
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- Saudi Aramco orders Dhahran headquarters evacuation as Houthi attacks intensify nst.com.my
- GCC condemns attacks on King Fahd Airport and Shaybah oil field, pledges support for Saudi Arabia english.ajel.sa
- France’s Macron first Western leader to visit Saudi Arabia since Houthi escalation al-monitor.com
