IMF Says Prolonged Iran War Could Weigh on Saudi Arabia's Medium-Term Outlook

Saudi economy shows resilience even as war softens growth

Saudi Arabia’s economy is proving resilient to the shock of the Iran war, with higher oil prices offsetting lower export volumes, but overall growth will still likely fall to around 2% this year, according to the International Monetary Fund.The kingdom was demonstrating “agility in resilience” in its ability to redirect shipping and logistics routes, the Washington-based lender said after staff concluded a mission to the country. It added that a…

IMF: Saudi economy ’resilient’ despite Iran war, Hormuz closure

Saudi Arabia's economy has shown resilience in the face of headwinds triggered by the Middle East war thanks in part to energy and logistics infrastructure that bypasses the Strait of Hormuz, the IMF said Wednesday. The Gulf has borne much of the brunt of the war since it began with a wave of US-Israeli attacks on Iran on 28 February. Iran responded by choking off traffic in the Strait of Hormuz, which is vital to the region's energy exports, wh…

IMF praises Saudi economy’s resilience and ability to adapt swiftly to crises

The International Monetary Fund (IMF) experts highlighted that the Saudi economy has demonstrated remarkable resilience amid the repercussions of the ongoing conflict in the Middle East, supported by its strong structural fundamentals and diversified oil and logistics infrastructure.

IMF says prolonged Iran war could weigh on Saudi Arabia's medium-term outlook

Riyadh's economy resilient so far despite conflict disrupting momentum, fund says

IMF says Saudi economy holding up during Iran war but growth could slow ...