According to the latest forecasts from the International Monetary Fund (IMF), Saudi Arabia is set to become the world's second-fastest growing economy by 2025, trailing only India.
In the April edition of the World Economic Outlook report, the IMF revised its growth forecast for Saudi Arabia from 5.5% (as projected in January 2024) to 6%. This places Saudi Arabia just behind India, which is expected to grow at a rate of 6.5%.
The report highlights the sustained strength of the Saudi economy, emphasizing its resilience and positive performance despite facing global challenges.
Furthermore, the report acknowledges Saudi Arabia's success in diversifying its revenue streams, noting that non-oil revenues have reached unprecedented levels.
These projections tell the significant economic strides Saudi Arabia has made, marking it as a key player in the global economic landscape over the coming years.
Comments