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RE: LeoThread 2025-05-11 19:54

in LeoFinance5 months ago

Part 1/8:

Saudi Arabia's Economic Crisis: A Tumultuous Journey

In recent years, Saudi Arabia experienced unprecedented economic growth, fueled primarily by high oil prices. This windfall allowed the nation to accumulate significant surplus cash, which it utilized to embark on ambitious projects across various sectors, seemingly positioning itself for a prosperous future. However, as oil prices began to decline, the consequences of reckless spending became apparent, ushering in a stark economic crisis.

The Oil Dependency Dilemma