
Macro - Country Economic Forecasts - Saudi Arabia
Description
Macro - Country Economic Forecasts - Saudi Arabia
We expect Saudi Arabia's economy will grow 1.6% in 2023 given a weaker global environment and oil output cuts. Revised official figures show the economy expanded 8.7% in 2022, with 15.4% in oil activity, 5.4% in non-oil growth, and 2.6% in government activity.
We expect Saudi Arabia's economy will grow 1.6% in 2023 given a weaker global environment and oil output cuts. Revised official figures show the economy expanded 8.7% in 2022, with 15.4% in oil activity, 5.4% in non-oil growth, and 2.6% in government activity.
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