February 23, 2024
‎Saudi non-oil sector to grow nearly 5% in 2023: IMF

Saudi Arabia’s non-oil sector growth will remain close to 5% in 2023, despite lower overall growth reflecting additional oil production cuts, the International Monetary Fund (IMF) said.

The economy’s non-oil growth has been spurred by strong domestic demand, particularly private non-oil investment. Sustaining this performance requires pursuing sound macroeconomic policies and maintaining the reform momentum…
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