Unemployment rate for Saudis to decline on gradual economic recovery in H2 2020, says ministry

Unemployment rate for Saudis to decline on gradual economic recovery in H2 2020, says ministry
The private investment indicators showed that economic activity started to resume remarkably in Q3 2020. (File/AFP)
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Updated 16 December 2020

Unemployment rate for Saudis to decline on gradual economic recovery in H2 2020, says ministry

Unemployment rate for Saudis to decline on gradual economic recovery in H2 2020, says ministry
  • Performance indicators in Q3 2020 reflected a significant recovery in economic activity

The Saudi Ministry of Finance expects employment rates to normalize and the unemployment rate among Saudi citizens to fall amid expectations for gradual economic recovery in H2 2020 and early 2021.

Performance indicators in Q3 2020 reflected a significant recovery in economic activity, as the enterprise sector and consumers started to regain confidence.

Moreover, the private investment indicators showed that economic activity started to resume remarkably in Q3 2020, the ministry added.

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