IMF raises Saudi economy growth forecast for 2023 to 3.7%

RIYADH: The International Monetary Fund has raised its expectations for the growth of the Saudi economy in 2023 to 3.7 percent, up from its previous forecast last April at 3.6 percent. 

The IMF has kept its expectations for the Kingdom’s economic growth during 2022 unchanged at 7.6 percent, according to an update of its World Economic Outlook.