Saudi real GDP grows 5.8pc in Q3

Saudi Arabia’s gross domestic product (GDP), adjusted for inflation, grew 5.87 per cent in the third quarter from a year ago compared to a 5.5 per cent expansion in the previous three months, data from Central Department of Statistics showed on Tuesday.

Analysts polled by Reuters in September forecast economic growth of the world’s top oil exporter to slow to 5.3 per cent in 2012 from 7.1 per cent last year.

-Reuters, Dec 11, 2012