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Saudi Arabia benefits from energy routes and IMF raises growth forecast to 7.9

Saudi Arabia benefits from energy routes and IMF raises growth forecast to 7.9

The International Monetary Fund has raised its forecast for Saudi Arabia's economic growth to 7.9% in 2027, compared to its previous estimate of 5.5% in July, indicating a return of production, exports, and logistics services to their normal levels. Conversely, the report lowered its growth forecast for the Saudi economy in 2026 to 3.3% from a previous estimate of 1.7%, emphasizing that Saudi Arabia is less affected by regional geopolitical disturbances due to its diversified energy export routes, which support market stability. The report also projected inflation to slow to 1.9% in 2026, with a slight rise to 2.2% in 2027, while global economic growth is expected to slow to 3.1% in 2026 and then accelerate again to 3.4% in 2027, as trade and energy activity recover.

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