15 Hrs
Source:
الاقتصادية
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Saudi Arabia's Rapid Growth in 2027
According to reports from the International Monetary Fund, the Saudi economy is expected to achieve the highest growth rate among the G20 countries in 2027, reaching up to 7.9%. This follows a contraction of 3.3% in 2026 due to a decline in oil production and the impact of regional conflict. Despite a nearly 14% decrease in oil output in 2023, Saudi Arabia successfully maintained its supply to markets through alternative export routes, along with the resumption of the East-West pipeline. The Saudi economy is anticipated to make a strong recovery in 2027, with continued and record-breaking non-oil growth driven by reforms and income diversification strategies. This positions Saudi Arabia as one of the fastest-growing economies in the world in the coming years.
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