Middle East & Africa: Economic overview

August 2017

Saudi Arabia’s focus on non-associated gas production is set to continue despite the kingdom’s weak economic prospects.

The International Monetary Fund (IMF) has lowered its GDP growth forecasts for Saudi Arabia for this year and next. The IMF expects the kingdom’s economy to expand on an annual basis by 0.1% in 2017 and 1.1% in 2018, lower than its previous forecasts of 0.4% and 1.3% respectively. The agency cites the kingdom’s involvement in the OPEC oil output cut as the primary reason for the downgrade.

Log in or register for a free trial to continue reading this article

Already a subscriber?

If you already have a subscription, sign in to continue reading this article.

Sign in

Not a subscriber?

To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.

Sign up