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IMF Praises Saudi Economy Resilience
The International Monetary Fund (IMF) has affirmed that the Saudi economy is demonstrating resilience in the face of recent geopolitical tensions in the region, with an expected growth rate of 5.5% in 2026 due to the recovery of both oil and non-oil activities, as well as continued support for consumption and investment. The IMF praised the reforms under Saudi Vision 2030, which have strengthened economic diversification, reduced dependence on oil, and improved labor market conditions. Small and medium-sized enterprises now contribute 23% to the GDP, and women's participation has increased to 35%. The report also highlighted the Kingdom's effective crisis management capabilities, including a strong foreign reserves, sustainable public debt, expanded capital markets, successful bond market development, and robust indicators of continued economic growth despite geopolitical challenges.
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