https://arab.news/8u293
RIYADH: The International Monetary Fund kept its forecast for the Saudi economy growth in 2022 unchanged at 7.6 percent, according to a recent statement.
The IMF said in the statement after a visit and consultation that 抖阴短视频 is 鈥榬ecovering strongly鈥� following a pandemic-driven recession.
IMF, however, highlighted there are some risks to the outlook, including inflationary pressures due to higher food prices, another potential pandemic surge, and a slowdown in global economic activity.
Inflation to remain contained at 2.8 percent on average, and current account surplus to rise to 17.4 percent 鈥� the highest level since 2013.
鈥淭he near and medium-term outlook for 抖阴短视频 is positive as growth is picking up, inflation will remain contained, and the external position will strengthen further,鈥� said the fund.
鈥湺兑醵淌悠� managed the COVID-19 pandemic well and is well-positioned to weather the risks posed by the war in Ukraine and monetary policy tightening cycle in advanced economies,鈥� the fund noted.
This was mainly supported by strong oil prices, reforms taken by the government under Vision 2030, and a lower unemployment rate of 11 percent, down 1.6 percent since 2020, according to the statement.
It also forecasted non-oil growth to increase to 4.2 percent this year.