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Macro - Country Economic Forecasts - Saudi Arabia

Publisher Oxford Economics
Published Mar 06, 2025
Length 7 Pages
SKU # OFE19929310

Description

Our forecast for Saudi Arabia’s economic growth in 2025 has been upgraded to 4.4%, up from the previous estimate of 3.9%. This revision follows OPEC+’s decision to increase supply from Q2 onwards, earlier than both our and market expectations of Q3 2025. However, non-oil activities will remain the primary growth driver this year, supported by diversification efforts, with an expected expansion of 5.8%. We also anticipate government activities to grow by 2%.

Table of Contents

7 Pages
Saudi Arabia: Real GDP growth revised upward as oil supply increases
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Risk warnings
What to watch out for
Exposure to key global risks
Background
Economic development
Structure of the economy
Politics
Economic policy

Pricing

Currency Rates
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