IMF: Gov. Strategy Helped the Saudi Economy

[Sarah]

The International Monetary Fund (IMF) confirmed that government-led reforms and private investment growth in new sectors would help support non-oil economic growth in Saudi Arabia to be less dependent on oil.The Saudi economy grew 8.7 percent last year, while the real GDP during the fourth quarter of 2022 increased 5.5 percent compared to Q4/2021, according to the General Authority for Statistics (GASTAT).The IMF projected that Saudi GDP growth would more than halve, to 3.1 percent, this year, in line with the forecast for Middle East oil exporters.The forecast, however, is higher

أكثر... (https://aawsat.com/node/4310361)