DUBAI: Rising oil output boosted Saudi Arabia’s economic growth to its fastest pace in over a year in the second quarter of 2015, data showed on Monday, but growth looks likely to slow in coming months as low oil prices make themselves felt.

Gross domestic product (GDP), adjusted for inflation, expanded 3.8 per cent from a year earlier in the second quarter, accelerating from a revised 2.3 per cent in the first quarter, the state statistics department said.

It was the fastest growth since 6.4 per cent in the first quarter of 2014 — showing the economy of the world’s biggest oil exporter is still coping comfortably with cheap oil, which is less than half its mid-2014 price. — Reuters