IMF Sees War Slowing Saudi Growth, Oil Windfall to Cushion Blow
Dow Jones
Jul 30
0731 GMT - Saudi Arabia's economic growth is expected to slow to 1.7% in 2026 from 4.6% in 2025, while non-oil growth is forecast to ease to 2.6% from 4.2%, the International Monetary Fund says. The Middle East war and the near-halt in shipping through the Strait of Hormuz have disrupted trade and curtailed oil exports, the fund says. Higher oil prices, however, are expected to more than offset lower export volumes, generating an oil-revenue windfall, while recovery is expected as maritime traffic through the strait gradually normalizes.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.