Saudi Arabia’s economy will grow by 4 per cent next year, according to the International Monetary Fund (IMF).
The IMF forecasts a 4 per cent growth for the Kingdom’s economy in 2024, it said in a report issued on Tuesday on global economic prospects.
Also, according to the report, growth in the Middle East and Central Asia region is expected to reach 3.4 per cent in 2024, recovering from a 2 per cent growth forecast this year.
Saudi economic forecasts
The IMF also lowered its growth forecasts for China and the Eurozone, stating that overall global growth remains low and uneven despite what it called the “remarkable strength” of the US economy.
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