From Boom To Gloom: Saudi Arabia’s Economy Dips Due To Voluntary Oil Cuts

The world's largest crude oil exporter, Saudi Arabia, is paying the economic price of its oil production cuts, especially if oil prices fail to rise materially in the second half of this year.  Saudi Arabia's efforts to prop up oil prices with large production cuts will slow down its economy, which could even shrink this year and become one of the worst performers among G20, from the fastest-growing economy in this group last year, analysts say.   This month and next, Saudi Arabia will pump around 9 million barrels per day (bpd)…