Investing.com — The International Monetary Fund (IMF) has lowered its growth forecast for Saudi Arabia more than for any other major economy it monitors. The OPEC+ oil alliance’s decision to extend production cuts was identified as the main reason for the downgrade.
The IMF cut the growth outlook for the Middle East’s largest economy by 1.3 percentage points, bringing it to 3.3% for this year. This decision continues the trend of downward revisions for the kingdom that began last year. The fund also lowered its growth forecast for 2026 to 4.1%.
The IMF’s growth estimate for 2025 is lower than the Saudi Finance Ministry’s projection. In September, the government lowered its own forecasts, predicting growth of 4.6% for this year and 3.5% for 2026. Despite these reductions, a growth rate close to 4% over the next years would exceed most other growth rates in the Group of countries. -20 nations.
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