The International Monetary Fund revealed that the Kingdom of Saudi Arabia has demonstrated a strong capacity to withstand external shocks, supported by its progress in diversifying its economic activity.
The Fund noted that net foreign assets at the Saudi Central Bank (SAMA) remained stable at a value of $415 billion, which covers 187 percent of the IMF’s reserve adequacy metric.
The IMF expects real GDP to rise from 2.0 percent in 2024 to 3.6 percent in 2025, then to 3.9 percent in 2026. It also forecasted that non-oil GDP will grow by 3.4 percent in 2025 and 3.5 percent in 2026, compared to 4.5 percent in 2024.
Source: (Al Arabiya.Net Website, Edited)
