Riyadh, February 02, 2024, The International Monetary Fund (IMF) has adjusted its projections for economic growth in Saudi Arabia, signaling a positive trajectory for the Kingdom's economy. The revised forecast now anticipates a growth rate of 5.5% in 2025, marking an increase from the previous estimate of 4.5% provided in October 2023.
This adjustment is based on data published in the IMF's 'Updates on Global Economic Prospects' report in January 2024, which highlighted the optimistic outlook for the Saudi economy. Despite the inherent risks and challenges in the global economic landscape, the report underscores the resilience and strength of the Saudi economy.
The positive forecast affirms the growth and prosperity of Saudi Arabia's economy, propelled by robust leadership both regionally and internationally. The report also anticipates a global economic growth rate of 3.1% in 2024 and 3.2% in 2025. This positive outlook reflects the Kingdom's ability to navigate challenges and position itself for sustained economic development.