Ashrsf AboArafe
The International Monetary Fund (IMF) raised its recently issued expectations for economic growth in the Kingdom of Saudi Arabia, as it increased its positive expectations for the performance of the economy in the Kingdom from 4.5% in the year 2025 to 5.5%, in contrast to its expectations issued in its previous report in October of 2023.
These amendments to the Fund’s expectations were made in accordance with the data it recently issued in its report. Updates on global economic prospects, January 2024, in reference to the optimistic outlook on the performance and strength of the Saudi economy and the positive growth it is achieving despite the risks, challenges, and global conditions that most economies are witnessing.
These positive expectations confirm the growth and prosperity the Saudi economy is witnessing, enhanced by its leadership at the regional and international levels.
The report expected that the global economy would achieve growth of 3.1% in 2024, and 3.2% in 2025.
