Investing.com — The International Monetary Fund (IMF) has lowered its growth projections for Saudi Arabia more than for any other major economy it monitors. The decision by the OPEC+ oil alliance to prolong production cuts was identified as the main reason for the downgrade.
The IMF has reduced the growth outlook for the Middle East’s largest economy by 1.3 percentage points, bringing it down to 3.3% for this year. This move continues the trend of downward revisions for the kingdom that began last year. The fund has also decreased its growth forecast for 2026 to 4.1%.
The IMF’s growth estimate for 2025 is less than the projection made by the Saudi Finance Ministry. In September, the government cut its own forecasts, predicting growth of 4.6% for this year and 3.5% for 2026. Despite these reductions, a growth rate near 4% over the coming years would still exceed most other growth rates in the Group-of-20 nations.
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