Investing.com — The International Monetary Fund (IMF) has cut its growth projections for Saudi Arabia more than any other major economy it tracks. The decision of the OPEC+ oil alliance to extend production cuts was identified as the main reason for the downgrade.
The IMF cut its growth outlook for the Middle East’s largest economy by 1.3 percentage points, down to 3.3% for this year. The move continues a trend of downward revisions for the kingdom that began last year. The fund also lowered its growth forecast for 2026 to 4.1%.
The IMF’s estimate of growth for 2025 is lower than the projection of the Saudi Ministry of Finance. In September, the government cut its own forecasts, predicting growth of 4.6% this year and 3.5% in 2026. Despite these cuts, a growth rate of close to 4% in the coming years would still exceed most other growth rates in the Group – 20 nations.
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