21 Hrs
Source:
الاقتصادية
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Saudi Economy Shows Resilience
The report from the Council of Economic and Development Affairs confirmed that the Saudi economy possesses strong resilience, enabling it to withstand and adapt to regional and international challenges. The annual inflation rate remained stable at 1.8% for the third consecutive month in July 2026, while the private sector's Purchasing Managers' Index continued to grow, reaching 53.1 points. The report also highlighted significant progress in achieving the targets of Saudi Vision 2030, especially in the vital community and thriving economy pillars, with advancements in privatization programs and the accomplishment of qualitative milestones. Additionally, the International Monetary Fund stated that Saudi Arabia is on the right path to diversify its sources of income and is among the top countries expected to experience growth in 2027, being less affected by the war compared to other nations, despite a global reduction in economic growth forecasts.
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