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Saudi Economy Set for Strongest Growth in Years Amid OPEC+ Supply Boost...
23 Oct, 2024 11:40 37 min read
Saudi Arabia's economy is projected to grow by 4.4% in 2025, driven by increased oil production as OPEC+ unwinds its cuts. The GCC economies as a whole are expected to grow by 4.1% next year. The UAE is projected to be the fastest-growing economy in the region, with a GDP growth of 4.9%. While the IMF has slightly lowered its growth forecasts for Saudi Arabia, the overall outlook for the GCC economies remains positive due to higher oil production and economic diversification efforts.... More