The International Monetary Fund (IMF) anticipates a 5.5% growth in Saudi Arabia’s economy for the current year. The IMF has adjusted its projections for Saudi Arabia’s economic growth, indicating a favourable perspective for the Kingdom’s economic landscape.
In its January 2024 report titled “Updates on Global Economic Prospects,” the IMF raised its growth forecast for 2025 to 5.5%, up from its earlier estimate of 4.5% in October 2023. This adjustment reflects an optimistic outlook for Saudi Arabia’s economic performance, highlighting resilience despite global economic risks and challenges.
This positive outlook affirms the continued growth and prosperity of the Saudi economy, attributed to robust leadership both regionally and globally.
The report from the IMF also envisions a global economic growth rate of 3.1% in 2024 and 3.2% in 2025, according to Arabian Business.
