IMF: Saudi Arabia's Fiscal Buffers and Oil Export Contingency Facilities Help Contain Impact of Iran War on Its Economy
Saudi Arabia's fiscal buffers and spare oil export capacity are helping the Middle East's largest economy contain the economic fallout from the war in Iran, the International Monetary Fund (IMF) said. Despite this month's escalation, with deadly attacks by Iran-backed Houthi rebels on major Saudi airports, the IMF's Middle East director said in an interview that Saudi Arabia is better positioned than other Gulf countries to cope with the turmoil.
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