Moody’s Ratings agency raised its forecast for Saudi Arabia’s economic growth in 2024 to 4.6% and 4% in 2025.
Saudi Arabia’s economic growth will be only 0.1% in 2023, reducing its forecasts compared to previous forecasts issued in August, according to Moody’s Ratings agency report.
The International Monetary Fund in October lowered its forecast for Saudi economic growth to 0.8% in 2023, compared with an estimate of 1.9% growth in an estimate released by the fund in July.
In the World Economic Outlook report, the IMF raised its forecast for Saudi Arabia’s economic growth in 2024 to 4%, compared to 1.2% in the previous estimate.
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