Saudi Arabia And India Will Be Fastest Growing Economies Of 2025: IMF
Saudi Arabia will be the second fastest-growing economy of 2025, second only to India, according to a revised IMF forecast.
The International Monetary Fund (IMF) has further strengthened its positive outlook for the Saudi Arabian economy by revising its 2025 growth forecast upwards for the second time this year.
In its April “World Economic Outlook” report, the IMF raised the expected growth rate for the Kingdom to 6 per cent, up from the 5.5 per cent projection issued in January 2024.
This upward revision comes despite the IMF maintaining a stable global growth forecast of 3.2 per cent.
Consequently, Saudi Arabia is now projected to be the second-fastest growing economy in 2025, trailing only India’s anticipated growth rate of 6.5 per cent.
The fund’s report highlights the ongoing strength of the Kingdom’s economy, emphasizing its resilience and positive performance despite global challenges.
Additionally, the report acknowledges the Kingdom’s success in diversifying its revenue streams, with non-oil revenue reaching unprecedented levels.
These factors contribute to KSA’s growing leadership position on the regional and international economic stage.
The IMF’s revised forecast underscores continued optimism regarding the Kingdom’s economic trajectory.
