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RIYADH: Saudi Arabia’s economy is set to expand by 1.5 percent and 4.6 percent in 2024 and 2025, respectively, according to an analysis by the International Monetary Fund.
It latest report shows the Kingdom’s projected economic growth for the year ending Dec. 31 2025 is the highest among countries in the Gulf Cooperation Council.
The forecast comes just two days after the World Bank projected the Saudi economy to grow by 1.6 percent this year, accelerating to 4.9 percent in 2025.
The estimates from the IMF and World Bank…