Saudi Arabia’s economy set to grow faster than US ...News

The kingdom is likely to be one of the world’s fastest-growing economies this year, the IMF says High oil prices will likely drive Saudi Arabia's economic growth to outpace that of the United States this year, according to the International Monetary Fund (IMF). In a report published on Wednesday, the IMF predicted that the kingdom’s GDP will grow by 7.6% in 2022, the fastest rate of expansion in nearly a decade. Meanwhile, the US is projected to see high inflation until 2023, with estimates of real domestic GDP growth at 2.3%, less than half of last year's rate of 5.7%. Saudi GDP growth follows an economic hit fro

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Saudi Arabia’s economy set to grow faster than US ...News

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