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Saudi Arabia continues to be in free fall
Nov 28: Saudi Arabia is going through tough times indeed.
8Foreign exchange reserves were falling with the pace of decline accelerating in recent months.
8Real estate prices were down 6% year on year
8The stock markets continued to be in free fall
8All but one industrial sector in Saudi Arabia exhibited negative growth
8As global demand went up, the country continued to lose market share.
8All this was happening even as Saudi Arabia kept its production under control, in keeping with the OEPC pact.
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