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Saudi Arabian Economy: Economic Crisis?

The Economy of Saudi Arabia is a great example of what happens when you fail to adjust your economy quickly enough to shifting economic sands. Having started an oil price war in March 2020 By increasing supply, at a time when demand was crashing, this inevitably led to an oil price crash. In doing so, Saudi Arabia has encountered a bit of a problem… an oil price below the magic $76 threshold required for the Kingdom to balance its state budget. -REFERENCES- https://altsimplified.tv/saudi-episod... #SaudiArabia #SaudiEconomy #OilEconomy ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ Enjoyed the video? Subscribe here:    / @altsimplified   Follow AltSimplified on Social media: Website: https://altsimplified.tv/ Facebook:   / altsimplified   Twitter:   / altsimplified   Discord: https://discord.io/altsimplified ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ 📕Recommended Reading: Many have asked what we'd recommend to start reading, so check out the links below. They are affiliate links, but come at no extra cost to the viewer, you'd just be supporting the Channel if you used them. 📘"How Asia Works: Success and Failure": https://geni.us/HowAsiaWorks 📘"The Ascent of Money: A financial History of the world": https://geni.us/TheAscentOfMoney 📘"Debt: The First 5000 years": https://geni.us/DebtTheFirst500Years 🎙The mic we use to record: https://geni.us/MicWeUse