πΈπ¦ Oil Price Shock Impact on Saudi Arabia
Modeled estimates of how a sudden oil price increase (to $128/barrel, realistic sensitivity) would affect different sectors of Saudi Arabia's economy.
Sectors
- βοΈ Travel & Tourism β estimated +10.9% to +20.1%
- π Transportation β estimated +14.6% to +26.7%
- π Food & Groceries β estimated +5.4% to +13.4%
- β‘ Energy β estimated +18.2% to +33.4%
- ποΈ Construction β estimated +7.3% to +15.6%
- π General Cost of Living β estimated +9.1% to +17.8%