Saudi Arabia’s Economic Growth Expected to Reach 6% in 2025
The International Monetary Fund has increased its forecast for Saudi Arabia’s economic growth in 2025 to 6 percent, up from the earlier prediction of 5.5 percent. This growth is a positive sign for the Kingdom’s economy.
IMF Report Shows Mixed Projections for Middle East and Central Asian Region
While Saudi Arabia’s output is expected to grow by 2.6 percent in 2024, slightly lower than previous estimates, the overall economic growth in the Middle East and Central Asian region is projected to be 2.8 percent in 2024 and 4.2 percent in 2025.
World Bank and IMF Emphasize the Importance of Taming Inflation
The World Bank has also raised its growth prospects for Saudi Arabia’s economy in 2025. However, the IMF warns that tackling inflation should remain a top priority for policymakers. Global economic growth is expected to continue at a steady pace, but inflation remains a concern.
Global Economic Recovery Faces Regional Challenges
The IMF’s report highlights the differences in global economic recovery, with low-income countries still struggling to recover from the pandemic. Policymakers are urged to focus on rebuilding fiscal buffers to protect against future economic challenges and maintain growth prospects.