Saudi Arabia’s 2021 Growth Forecast Rises to 2.9 Percent

The International Monetary Fund raised its forecast for Saudi Arabia’s economic growth to 2.9 percent, compared to its earlier January projection of 2.6 percent. The World Economic Outlook, issued on April 6, 2021, states that Saudi Arabia’s growth forecast for 2022 is at 4 percent, compared to the global economy of 4.4 percent. In addition, Saudi Arabia was forecasted 2.9 percent economic growth in 2021 compared to the global economy’s projection of 6 percent, highlighting the achievements of Saudi Arabia’s policies to maintain positive economic conditions with the global economy in a state of uncertainty.