OECD: Saudi economy can recover and grow 4% in 2027
The Secretary-General of the Organisation for Economic Co-operation and Development (OECD) expects the Saudi economy to grow by approximately 4% in 2027, relying on the economy's resilience, diversification of export sources, and ongoing reforms undertaken by the Kingdom to enhance its economic capabilities. He affirmed that Saudi Arabia possesses strong fundamentals to face energy shocks resulting from the conflict in the Middle East, particularly rising oil prices that have helped offset declining exports. He also clarified that achieving this growth depends on the stability of the conflict in the region and energy prices, with forecasts intersecting cautiously within a framework of positive estimates.
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