The International Fund expected the Saudi economy to grow by 3.1% in 2023 and 2024, an increase from its previous forecast in January for the growth rate for the current year by about 0.5 percentage points, with a reduction in the expected growth in the next year 2024, which was previously estimated at 3.4%.
In its April report, it lowered its forecast for global economic growth from its previous forecast issued in January, as the growth forecast for 2023 fell to 2.8% and 3% next year, down 0.1 percentage point over the two years. He warned that the global economy is once again going through a very uncertain moment, with the cumulative effects of the past three years of adverse shocks - most notably the Corona pandemic and Russia's invasion of Ukraine - appearing in unexpected ways.
Source (Al-Arabiya.net Website, Edited)
