Riyadh: The International Monetary Fund (IMF) has expressed the expectation that the growth rate of the Saudi economy is likely to be the highest this year and next year. .
According to the Saudi website, the International Monetary Fund (IMF) expects the Saudi economy to have the highest growth rate in the world during 2022 and remain the highest among developed and emerging market economies.
Despite the major challenges facing the world economy in the environment of decline in economic activities in Russia and China and reduction in spending levels in the United States, the International Monetary Fund presented an exceptionally positive report regarding Saudi Arabia.
The report by the International Monetary Fund is quite different from the current environment in the world in several respects.
The growth rate of the Saudi economy is seen at the top in the environment of restrictions around the world due to Russia, Ukraine crisis, strict financial policies in European countries and Covid-19.
According to the International Monetary Fund, the performance of the world economy will remain low not only this year, but also during the next year 2023. The growth rate of the three major economies of the world, the United States, China and the European Union, is low.
According to the IMF, the growth rate of the Saudi economy is expected to be 7.6% during the year 2022.
The organization expects that the growth rate of the Saudi economy will improve further during 2023, but its rate will not be high.
