Saudi Economic Growth to Outstrip Global Average in 2025

The International Monetary Fund’s latest study predicts that Saudi Arabia’s economic growth will outpace the global average in 2025. The IMF’s World Economic Outlook update puts the Kingdom’s output increase at 4.7% next year - above the 3.3% forecast for the planet as a whole.

This figure has been scaled back from a 6% growth projection released in April. The IMF also scaled back its 2024 prediction for the Kingdom, shifting from 2.6% in its earlier forecast to 1.7% in its most recent report. This adjustment mainly reflects the extension of oil production cuts.

However, the Washington-based institution maintained its earlier calculation that worldwide output would increase at a rate of 3.2% in 2024 and 3.3% in 2025.