The International Monetary Fund announced that Saudi Arabia’s economy grew at 7.6% this year, the highest growth rate of any economy in the world in the current 2022.
In its annual Global Economic Outlook 2022 report, the IMF expected non-oil growth in the Kingdom to rise to 4.2% and a current account surplus to 17.4% of GDP, as well as a containment of headline inflation at 2.8%. % average.
He noted that economic activity is experiencing a strong improvement, helped by rising oil prices and government reforms under the Vision 2030, with limited impact from tightening global conditions due to strong levels. capitalization of the banking sector.
The International Monetary Fund experts stressed that the continued implementation of structural reforms in the Kingdom will help ensure a strong, inclusive and environmentally sound recovery, noting that the Kingdom is actively recovering from the recession caused by the pandemic, which helped the Kingdom to recover.
Source: “Dom”