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IMF Revises Saudi Growth Forecast to 7.9%
The International Monetary Fund has raised its forecast for Saudi Arabia's economic growth in 2027 to 7.9%, marking the fourth consecutive increase throughout the year, according to today’s World Economic Outlook report. Higher oil revenues and economic reform measures have contributed to the growth, despite IMF projections of a 3.3% contraction in Saudi Arabia's economy in 2026 due to geopolitical tensions impacting the oil sector. The forecasts indicate that growth in 2027 will rise to 3.4%, with inflation expected to increase to 4.7% before decreasing to 4.1% in that year.
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