WB raises S Arabia’s 2025 growth forecast to 3.2pc

RIYADH, Oct 08 (Arab News): The World Bank has raised Saudi Arabia's 2025 economic growth forecast to 3.2 per cent, citing stronger oil output and robust non-oil activity, marking a notable upgrade from the 2.8 per cent projected in April.

The Washington-based lender said in its latest Middle East, North Africa, Afghanistan, and Pakistan Economic Update that the Kingdom's economy expanded 3.9 per cent in the first half of 2025, buoyed by increased oil production and sustained growth in services.

The pace is set to quicken further, with growth expected to reach 4.3 per cent in 2026 and 4.4 per cent in 2027.

The World Bank's latest outlook aligns with projections from other institutions. The International Monetary Fund in July forecast Saudi Arabia's economy to grow 3.6 per cent this year and 3.9 per cent in 2026.