Citigroup's Soussa Says Saudi Economic Growth Coming Down

The video discusses the challenges facing the Saudi economy, including fiscal consolidation and the impact of oil prices. Despite resilience, economic growth is slowing due to reduced government spending. The investor community favors fiscal discipline, but employment remains a key concern. Labor reform is crucial to maintaining employment opportunities in a low-growth environment.

What are the concerns regarding employment in Saudi Arabia amidst low or negative growth?

What is the significance of labor reform in the context of the Saudi economy?