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IMF Executive Director Mahmoud Mohieldin on the regional and global outlook for 2024
Mohieldin sees the “center of economic gravity” shifting towards the East, though challenges for emerging markets persist
Non-oil business activity rallies in February
Output came in at 61.5 in February, up from 58.1 in the previous month
Headwinds? What headwinds?
S&P Global also sees an increased oil-related real GDP growth as the “common theme” to look at in the GCC…
Global appetite for Saudi equities is high –EFG Hermes poll
Most respondents are bullish about investments this year
Saudi CEOs are expecting better returns in the short run, citing an optimistic economic outlook
74% of the respondents are likely to up their talent acquisition by 5% or more in the next 12 months
Saudi Arabia among top 10 retail markets in emerging economies
Non-cash retail transactions rose to 62% in 2022, up from 16% in 2016
Inflation slightly up 1.6% in January, backed by rents
Rent continues to drive the trend upwards
Budget deficit for FY 2023 is better than FinMin had forecast
This is slightly narrower than government projections of SAR 82 bn
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