Bloomberg | Saudi Arabia's Economic Revamp Is Still an Oil Story Bloomberg ... economy expanding 1.7 percent in 2018. But the rebound is mainly driven by higher government spending, the model that sustained the kingdom's economy over more than four decades. Read More: Saudi Arabia Is Said to Signal Ambition for $80 Oil Price ... Saudi Arabia's balancing act with the price of oil Saudi Arabia says higher oil prices won't change the pace of its reforms Saudi Arabia Needs Much Higher Oil Prices |