IMF Lowers Saudi Growth Outlook Amid Economic Pressures

IMF Lowers Saudi Growth Outlook Amid Economic Pressures

Saudi Arabia’s economy is set to grow by 3.0% this year, a rebound from meager 1.3% growth in 2024, but lower than a previous forecast of 3.3% GDP growth, the International Monetary Fund (IMF) said in its World Economic Outlook (WEO) Update on Tuesday. Saudi growth for 2026 was also revised down, by 0.4 percentage point to 3.7% in the April update. Overall, the IMF sees lower global economic growth now than it did three months ago, due to the U.…

IMF cuts Saudi 2025 growth forecast, flags slower oil rebound

The International Monetary Fund on Tuesday lowered its 2025 GDP growth forecast for Saudi Arabia, while flagging headwinds for the broader region, including a more gradual resumption of oil production. Oil-dependent governments are coming under pressure from the lowest crude prices since the COVID-19 pandemic, with officials preparing policy responses for a drop in revenue such as issuing more… The post IMF cuts Saudi 2025 growth forecast, flags…

IMF cuts Saudi GDP forecast as trade turbulence continues

GDP expected to grow 3% this year Previous forecast was 3.3% Warns of significant unpredictability The International Monetary Fund has lowered its economic growth forecast for Saudi Arabia in response to escalating trade tensions and falling oil prices. The IMF’s latest World Economic Outlook, released this week, predicts that Saudi Arabia’s GDP will grow by 3 percent this year, down from its previous forecast of 3.3 percent. It now expects Saud…

IMF cuts Saudi 2025 growth forecast, flags slower oil rebound as a drag on region

Oil-dependent governments are coming under pressure from the lowest crude prices since the COVID-19 pandemic