Category
🗞
NewsTranscript
00:00 The International Monetary Fund continues its expectations for the Saudi economy and
00:07 is slightly adjusting the expected 2024 figures, but it is raising them to 6% for 2025.
00:19 What is most prominent in the data and figures related to these expectations.
00:24 The Saudi economy contributed in 2023, how was it in general.
00:30 For the global economy, it contributed with 113 points, while the Saudi economy contributed with 22 points.
00:42 But what about the expectations of the International Monetary Fund for 2024?
00:48 The previous estimates were at 12.17, but they were adjusted to 12.16 for the Saudi economy.
00:59 This seems justified in the Saudi Kingdom's commitment to the voluntary reduction in oil production
01:07 within its commitment to the OPEC+ alliance.
01:10 While the world economy contributed with 13 points, and was also raised by 23 points.
01:22 But what do the figures for 2025 hold for the global economy and the Saudi economy?
01:30 The International Monetary Fund was expecting a growth of 5.5%, but it raised it to 6% for 2025.
01:42 This is supported by the continued growth and performance of the non-oil sector in the Saudi Arabian Kingdom.
01:49 While the global economy remained stable at 23 points.
01:54 But what about the numbers and how is the vision in general?
01:58 For Saudi Arabia, it is expected to record 12.13 points per year.
02:05 While the global target for the Kingdom is 2% growth, which is the ambition and goal of a number of global central banks.
02:16 While in the Middle East and Central Asia, it is expected to record 14.20 points per 100, and will drop to 9.5 points per 100 in 2025.
02:30 Of course, the number of problems and challenges affect these figures in general, whether for the Saudi Arabian Kingdom or the global economy.
02:40 First, the expansion of the conflict in the Middle East will affect oil prices, and perhaps more tightening of monetary policy for central banks.
02:52 In addition to the continued impact of the Houthi group on the attacks in the Red Sea, which may add to the effects of inflation.
03:01 Also, the increase in the cost of sea cargo in general. So the International Monetary Fund is adjusting its expectations for the growth of the Saudi economy in 2024, and is raising it to 6% in 2025.
03:17 [BLANK_AUDIO]