IMF cuts Saudi Arabia growth forecasts, cites OPEC+ production cuts Investing.com
Investing.com — The International Monetary Fund (IMF) has cut Saudi Arabia’s growth forecast more than any other major economy it monitors. The OPEC+ oil organization’s decision to extend production cuts was identified as the main reason for the reduction.
The IMF lowered its growth forecast for the Middle East economy by 1.3 percent, bringing it down to 3.3 percent this year. The move continues a downward trend in state reviews that began last year. The fund also lowered its growth forecast for 2026 to 4.1%.
The IMF’s growth estimate for 2025 is below the projections made by 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 this slowdown, the growth rate of around 4% in the coming years will still outpace the growth rates of most of the other Group of 20 nations.
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