Key Takeaways Exhibit 1: Oil activities sharp contraction drag headline GDP growth -10.0% -5.0% 0.0% 5.0% 10.0% 15.0% 20.0% Oil Activities Non-Oil Activities Government Activities Net Taxes on Products Real GDP Source: GASTAT, Morgan Stanley Research July 30, 2026 02:41 PM GMT Saudi Arabia Economics | EEMEA M Update 2Q26 Growth Contracts and Non-Oil Resilience Holds Morgan Stanley & Co. International plc Yomna Moheieldin Economist Yomna.Moheieldin@morganstanley.com +44 20 7677-0771 Morgan Stanley India Comp ...

July 30, 2026 01:45 PM GMT Czech Republic Economics and Macro Strategy | Europe CNB Preview: Room to Stay Patient We expect the CNB to leave its key policy rate unchanged at 3.75% but to keep highlighting risks for further tightening. On our side, we see the CNB remaining on hold until mid-2027. We expect the curve to bull steepen as front end starts to move lower in short term. Economics | The MPC to leave room for data to guide its next action: Having hiked in June by 25bp, we expect the CNB to leave its ...

U.S. economic growth slowed in the second quarter, weighed down by rising imports to fuel the U.S. artificial-intelligence boom and decreased government spending. At the same time, consumers shrugged off a surge in gas prices fueled by the conflict with Iran and increased their spending. Most Read from The Wall Street Journal Within the numbers, household spending increased this spring at its strongest pace since the third quarter of last year. And business investment remained strong as companies ke ...