TAG: Saudi Arabia
Saudi Arabia's response to the Covid-19 pandemic was aided by sustained investments in health care and digital infrastructure, favourable demographics, and strong macroeconomic indicators prior to the outbreak. This latest report takes a closer look at how the country has mitigated the challenges so far, and focuses specifically on how the ICT sector has coped with rapid changes in demand and consumption patterns, as well as the emergence of new growth opportunities in the digital economy.
Although Saudi Arabia's economy has been affected by the slump in the oil price, its economic response to the Covid-19 pandemic has been aided by low public and private debt, a strong credit rating and high foreign exchange reserves.