Saudi Arabia Gets IMF Growth Downgrade on OPEC+ Supply Moves
- The kingdom’s GDP expected to grow 3.3% in the year of 2025
- Delayed restart of OPEC+ supply weighing on Saudi economy
This article is for subscribers only.
The International Monetary Fund downgraded its growth forecasts for Saudi Arabia by more than any other major economy it tracks, citing the decision by the oil alliance OPEC+ to extend production cuts.
The outlook for the Middle East’s biggest economy was cut by 1.3 percentage point to 3.3% for this year, the Washington-based lender said, continuing a pattern of downward revisions for the kingdom from last year. The fund also reduced its growth forecast for 2026 to 4.1%.