IMF Predicts SA and India as Fastest Growing Economies of 2025

Saudi Arabia is expected to be the second fastest-growing economy in 2025, following closely behind India, according to a revised forecast from the International Monetary Fund (IMF).

The IMF has bolstered its positive outlook for the Saudi Arabian economy by raising its growth forecast for 2025 for the second time this year, as outlined in its April edition of the “World Economic Outlook” report.

The projected growth rate for the Kingdom has been increased to 6 percent, up from the 5.5 percent estimate issued in January 2024.

Despite maintaining a stable global growth forecast of 3.2 percent, the IMF’s upward revision positions Saudi Arabia as the second-fastest growing economy in 2025, with India leading with an anticipated growth rate of 6.5 percent.

The report highlights the ongoing strength of the Kingdom’s economy, emphasizing its resilience and positive performance amidst global challenges.

Furthermore, it acknowledges Saudi Arabia’s success in diversifying its revenue sources, with non-oil revenue reaching unprecedented levels, contributing to its growing leadership role on the regional and international economic fronts.

The IMF’s revised forecast reflects continued optimism regarding the trajectory of Saudi Arabia’s economy.

Source: Trade Finance