The International Monetary Fund (IMF) expects Saudi Arabia's economy to grow by 4.6% in 2025, while it will grow by 1.5% this year.
This came in the IMF's Global Economic Outlook report, which estimated that growth in the Middle East and Central Asia region will reach 2.4% this year and rise to 3.9% in 2025 amid expectations that temporary disruptions in oil production and shipping operations will fade.
The IMF maintained its forecast for global economic growth at 3.2 percent for the current year.
Moody's expects strong growth in the Saudi non-oil economy to continue during the period 2025-2027, supported by economic diversification programs and major projects linked to the Kingdom's Vision 2030.
According to Moody's, real non-oil GDP growth is expected to be between 5.0% and 5.5% during that period, compared to an average of 4.6% in 2022-2023 and only 1.5% between 2017-2019.
