PricewaterhouseCoopers (PWC) issued the following announcement on July 22.
The region is seeing signs of recovery despite a third #COVID19 wave. Our latest Middle East Economy Watch explores the current economic landscape.
Over a year since the start of the COVID-19 pandemic, the “return to normal” always seems to be just a few months away, but keeps receding. There is good reason to think that, at least from an economic perspective in the GCC, that destination will soon be reached. Seasonally adjusted Saudi non-oil output hit a new high in Q1 and, although the Kingdom has had to cancel foreign Hajj pilgrims for a second year, residents are now visiting shops more frequently than in February 2020 before the full impact of the pandemic hit our region, according to Google mobility data. read more: https://pwc.to/39FMY5j
Original source can be found here.
Source: PricewaterhouseCoopers (PWC)
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