Household Expenditure Rises 200% During Eid, Professor Says

News: Household expenditures in Saudi Arabia surged by 200% during the Eid holiday period, reports Aliqtisadi, citing Habibullah Turkistani, an economics professor at King Abdulaziz University. The professor stated that the rise in expenditure reflected normal consumer behaviour during the period. 'This spending is a temporary economic burden on the families, [who have] to cover the costs of spending during the holiday period,' Turkistani said. Economist Abdullah Al-Maghlooth noted that the...

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