IMF expects Saudi economy to grow by 2.8% in 2021

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Saudi Arabia

IMF expects Saudi economy to grow by 2.8% in 2021

RIYADH/CAIRO – The International Monetary Fund expects the Saudi economy to grow by 2.8 percent in 2021 and 4.8 percent in 2022, it said today in its annual World Economic Outlook.

The new 2021 growth forecast for the Kingdom upgrades on the 2.4 percent growth prediction from the previous report, issued in July.

However, the 2022 growth forecast remained unchanged.

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