IMF sees Saudi growth at 2.4% this year with non-oil sector leading rebound

DUBAI: The International Monetary Fund said on Thursday Saudi Arabia’s economy is recovering well from the COVID-19 pandemic and the fund expected the non-oil economy to grow by 4.3 percent this year, with overall GDP growth seen at 2.4 percent.
Real oil GDP is expected to shrink by 0.4 percent, the IMF said in a statement, as production is assumed to stay in line with an agreement between the Organization of the Petroleum Exporting Countries (OPEC), Russia and allies, known as OPEC+.