RIYADH, Apr 10 (Arab News): Saudi Arabia will see a drop in the jobless rate this year and next as its gross domestic product is expected to rise, a recent outlook report by KPMG showed.
Saudi Arabian GDP is expected to grow at 6.7 per cent in 2022, as the country recovers from the pandemic, forecasted the tax and audit advisory firm.
KPMG added that the growth in GDP will be catalyzed by a sharp rise in oil production and an ongoing recovery in the non-oil economy.
The report further stated that trends in 2022 are expected to continue into 2023, although real GDP growth will slow to 3.9 per cent as base effects limit the year-on-year expansion.
KPMG sees Saudi jobless rate falling
FE Team | Published: April 10, 2022 22:12:56
KPMG sees Saudi jobless rate falling
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