IMF Lowers Saudi Growth Outlook Amid Economic Pressures ...Middle East

Saudi Arabia’s economy is set to grow by 3.0% this year, a rebound from meager 1.3% growth in 2024, but lower than a previous forecast of 3.3% GDP growth, the International Monetary Fund (IMF) said in its World Economic Outlook (WEO) Update on Tuesday. Saudi growth for 2026 was also revised down, by 0.4 percentage point to 3.7% in the April update. Overall, the IMF sees lower global economic growth now than it did three months ago, due to the U.S. tariff offensive and uncertainties about trade and monetary policies in possible stagflation…

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