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dependent Saudi economyCNBC
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76% Informative
Saudi Arabia cut its growth forecasts and raised its budget deficit estimates for the fiscal years 2024 to 2026 .
Real gross domestic product is now expected to grow 0.8% this year , a dramatic drop from a previous estimate of 4.4% .
Saudi authorities also expect that the budget will remain in deficit for the next several years .
Saudi Arabia's fiscal breakeven oil price has increased and may continue to rise, as oil prices are expected to stay subdued.
VR Score
86
Informative language
92
Neutral language
40
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formal
Language
English
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54
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Hate speech
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Attention-grabbing headline
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Known propaganda techniques
not detected
Time-value
short-lived
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