IMF Lowers Saudi Arabia's Growth Outlook as Economic Pressures Loom
The International Monetary Fund (IMF) has lowered Saudi Arabia’s growth outlook in its latest report. In its recent World Economic Outlook (WEO) update, the IMF lowered the Kingdom’s growth rate from 3.3% to 3%. The decline in GDP growth comes after the global markets are experiencing major disruptions in overall oil production. Also Read: US Dollar Weakness Is Here to Stay: Analyst Saudi Arabia’s Growth Outlook Lowered By IMF Source: CNBC Financial analysts at the IMF also wrote that trade wars, tariffs, and conflicts are eating into Saudi Arabia’s revenues. Not just for 2025, the IMF also reduced the Kingdom’s growth outlook for 2026 by 0.4%. The growth rate for 2026 now stands at 3.7% from the previous projected number. Also Read: SEC Drops Lawsuit Against Richard Heart: HEX Rallies 78% “The Middle East and Central Asia is projected to come out of several years of subdued growth, with the rate accelerating from an estimated 2.4 percent in 2024 to 3.0 per...