IMF raises Saudi Arabia's 2027 economic growth forecast to 5.5%

The International Monetary Fund raised its forecast for Saudi Arabia's economic growth in 2027 to 5.5%, compared to its previous estimate of 4.5% in April and 3.6% in January. It also downgraded its projection for 2026 GDP growth to 1.7% from 3.1%. The report indicates that global shocks will continue to impact energy economies, with risks of economic deterioration persisting due to conflicts and financial market volatility.

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