The International Monetary Fund raised its forecast for the growth of the Saudi economy for the next year by half a percentage point to reach 2.4 %. It also raised its growth forecast for the current year by three tenths of a percentage point to 2.2%.
The IMF attributed its new forecast to the growth of non-oil economic activities and the expected rise in oil production as a result of the agreement between OPEC and its partners.
The IMF forecasted that the Kingdom's current account surplus would rise to 8.4% of GDP this year and 8.8% next year, compared to 2.2% last year. The Inflation is also expected to be 2.6% this year and 2% next year.
Source: (Al-Arabiya.net, Edited)
