Capital Economics ups forecast for Saudi economic growth to 4.8% in 2021

30/07/2021 Argaam

Saudi Arabia’s economy is expected to grow from 2.2% to 4.8% this year, and from 4.1% to 6.3% in 2022, Capital Economics said in a recent report.

 

The Saudi economy is expected to maintain growth in the second half of the year, backed by the strong economic recovery witnessed by the Kingdom in Q2 2021 amid eased COVID-19 restrictions and vaccine rollout.

 

This is also backed by higher oil output amid an OPEC+ agreement.

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