ECONOMY

IMF expects Saudi Arabia to achieve growth of 4 % 2024

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Ashraf AboArafe

The International Monetary Fund expects the Kingdom to achieve growth of 4 percent in 2024, according to its report issued yesterday on global economic prospects.

  Growth in the Middle East and Central Asia region is expected to reach 3.4 percent in 2024, recovering from an expected growth of 2 percent this year.

  The International Monetary Fund also lowered its growth forecasts for China and the eurozone, and stated that overall global growth remains low and uneven despite what it called the “remarkable strength” of the US economy.

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