54 Days
Source:
الاقتصادية
Source: الاقتصادية
54 Daysالاقتصادية
Source: الاقتصادية
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S&P Global Ratings assigns a rating of +A to Saudi Arabia with a stable outlook, despite ongoing tensions between the United States and Iran and security threats to Red Sea navigation. The agency forecasts that Saudi Arabia’s GDP will contract by 0.9% in 2026 due to declining oil production and weak non-oil activities, before rebounding by 8.2% in 2027 thanks to increased production and improved non-oil revenues. It emphasized that prudent expenditure management, leveraging oil reserves, and policy adjustments strengthen the economy’s resilience to pressures and support an average growth rate of 3.3% during 2028 and 2029.
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