Riyadh, Saudi Arabia – The International Monetary Fund (IMF) has revised its growth projections for Saudi Arabia’s economy, revealing a more optimistic outlook. The latest forecast anticipates a 5.5% growth rate for the Kingdom in 2025, representing an increase from the initial projection of 4.5% made in October 2023.
The upgraded forecast reflects the continuous economic growth and prosperity in the Kingdom.
The adjustment is based on recent data featured in the IMF’s ‘Updates on Global Economic Prospects’ report from January 2024. The report highlights a positive perspective on the resilience of the Saudi economy and its ability to thrive amid global economic challenges and uncertainties.
The IMF envisions a 3.1% global economic growth in 2024, followed by a further increase to 3.2% in 2025.
