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Saudi Arabia prepared to respond if global economy stalls

Saudi Arabia prepared to respond if global economy stalls

Dubai (CNN Business)Saudi Arabia’s energy minister says that OPEC and its allies are prepared to quickly respond to a global economic slowdown.

Khalid Al Falih told CNN Business’ Emerging Markets Editor John Defterios that while he doesn’t “see a big economic recession,” corrective actions are “easily within our control.”
“If we see a slowdown … it’s going to be a small slowdown that oil markets can well absorb with adjustments to supply,” Al Falih said during an interview Monday.








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