The International Monetary Fund has cut its projection for Saudi Arabia’s economic growth this year following the extension of Opec+ production cuts. The IMF now expects Saudi GDP to increase by 3.3 percent in 2025,

The International Monetary Fund (IMF) is projecting the global economic growth at 3.3 percent in both 2025 and 2026, below the historical (2000–19) average of 3.7 percent and broadly unchanged from October.

Global growth is expected to increase slightly this year while remaining stuck below its pre-pandemic average, the IMF said Friday, flagging the growing economic divide between the United States and European countries.