It is the biggest growth contraction in the EU
GDP
Saudi Arabia has the largest
GDP figures for the first quarter of 2020 show extremely negative impact from Covid-19
General government spending was 86.735 billion euros in 2019, or 46.27 pct of GDP, while revenue was 89.48 billion euros, or 47.73 pct of GDP
The body says the primary deficit will be 5.1%, instead of a 3.5% GDP surplus
Growth is estimated to have grown by 2.2% in 2019
Forecasts by major international organisations
According to the annual World Bank and Organisation for Economic Co-operation and Development (OECD) reports
In terms of GDP, in fact, the decline will be very large as the rate is 181,1% from its historical high of 2018 and is expected to fall to 173,3% in 2019
GDP growth figures reveal the country has once again seen negative growth
