IMF projects Saudi Arabia economy to grow 3.3pc

RIYADH, Jan 19 (Arab News): Saudi Arabia's economy is projected to grow by 3.3 per cent in 2025 and 4.1 per cent in 2026, according to the latest forecasts from the International Monetary Fund.

These projections reflect significant shifts in the global economic landscape, with the ongoing OPEC+ agreement on oil production cuts playing a key role in tempering growth expectations for the Kingdom in the near term.

In its January 2025 World Economic Outlook Update, the IMF outlined the broader economic outlook for the Middle East and Central Asia, where growth is anticipated to rise by 3.6 per cent.