Saudi Arabia's economy shrinks 7% in Q2, joblessness at record high

Labour statistics released at the same time showed that citizen unemployment rose to 15.4 per cent during April to June

Saudi Arabia’s economy contracted 7 per cent in the second quarter from a year earlier as citizen unemployment hit its highest level on record, illustrating the damage wrought by the oil market turmoil combined with the coronavirus pandemic.
 
The oil sector shrank an annual 5.3 per cent, while the non-oil sector declined by 8.2 per cent, according to data released on Wednesday by the statistics authority. The non-oil private sector — the engine of job creation —contracted by more than 10 per cent.
 
Labour statistics released at the same time showed that citizen unemployment rose to 15.4 per