Thursday, December 10, 2015

Report sees poverty and unemployment in Saudi Arabia's future

RT reports:
The jobless rate in Saudi Arabia could exceed 20 percent by 2030, with real household income plunging another 20 percent, according to consulting firm McKinsey.

Even if the Kingdom creates more private sector jobs for its citizens, there would still be a shortfall of 1.5 million jobs by 2030, according to the report from McKinsey called Saudi Arabia beyond oil: The investment and productivity transformation.
Struggles of the Islamic world.