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Oil production restarts + megaprojects to drive more growth in 2025 -IIF
The Saudi economy has so far been insulated from surrounding geopolitical turmoil
GDP rebounds after four-month rut
Non-oil activity led growth at 4.2%
Fitch trims MENA growth to 1.8% in 2024
The agency warns that the region is entering 2025 “on shaky ground”
FinMin expects growth to jump to 4.6% in 2025
The budget deficit is expected to narrow next year
Saudi GDP shrinks 0.3% in 2Q 2024
The latest figures were calculated using the chain-linking method
Brownie points for pacing
Overall GDP growth is forecasted to rise to 4.7% in 2024
GDP set to grow at a 1.5% clip this year, Riyad Capital says
Saudi crude oil production is expected to increase to 10 mbd by 4Q 2025
GDP continues to shrink, albeit at a slower pace
Oil activity continued to weigh on the overall economy, declining 8.5% y-o-y
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