- Saudi youths demonstrate a stunt known as "sidewall skiing" (driving on two wheels) in the northern city of Tabuk, in Saudi Arabia December 3, 2014.
A bunch of warning signshave been bubbling up in Saudi Arabia's economy over the past few months.
The Saudi economy grew at just 1.5% in the first quarter compared to the prior year, its slowest rate since 2013. And while the oil sector grew by 5.1% year-over-year, the non-oil sector shrank by 0.7% - the weakest reading in at least five years.
Moreover, output in the construction sector shrank by 1.9% year-over-year in July.
And, most recently, a note from Al Rajhi Capital pointed out that the Saudi Interbank Offered Rate, or Saibor, has nearly tripled - to about 2.3% from less than 0.8% - over the past year and is now facing a "liquidity squeeze in the market."
But over the last few days, a couple of other signs have emerged that economists are keeping an eye on.



