IMF Praises Saudi Economic Resilience
The International Monetary Fund has affirmed that the Saudi economy demonstrated remarkable resilience in 2025, recording a growth rate of 4.6%. This was driven by the end of oil production cuts and increased domestic demand, while inflation remained below 2%. Despite the impacts of the war in the Middle East and disruptions to navigation through the Strait of Hormuz, the Kingdom managed to adapt by redirecting oil exports to Red Sea ports and benefiting from rising oil prices, which contributed to supporting its oil revenues. The IMF forecasts that growth will slow to 1.7% in 2026, with the non-oil sector expanding by 2.6%. However, continued reforms and economic development are expected to enhance stability and sustain progress, with the IMF reaffirming that both fiscal and monetary policies remain flexible and under control.
Notice: This Is an AI-Generated Summary
Comments (0)