Riyadh, Saudi Arabia — The International Monetary Fund (IMF) has revised upwards its forecast for Saudi Arabia’s economic growth to 6 percent in 2025, an increase from the earlier prediction of 5.5 percent.
This adjustment from earlier estimates reflects the impact of extended oil production cuts and a slower-than-expected rebound in oil output, which have influenced the Kingdom’s economic outlook.
Despite these challenges, Saudi Arabia’s economy continues to demonstrate resilience, supported by substantial reserves, low debt levels, and ongoing efforts to diversify away from oil dependence under the Vision 2030 initiative.
The IMF anticipates that inflation will remain contained, with an average annual rate holding steady at 2.1 percent in 2025 and easing slightly to 2 percent the following year.
Globally, the IMF projects economic growth to remain at 3.2 percent in both 2024 and 2025. While global inflation is expected to decrease, the IMF cautions that the fight against inflation is not yet over, emphasizing the importance of continued vigilance and policy measures to maintain economic stability.
These developments highlight the dynamic nature of Saudi Arabia’s economy and the broader global economic landscape, underscoring the importance of adaptive strategies in the face of evolving challenges.
