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IMF sees Saudi growth soaring 7.6% this year on high oil prices
IMF sees Saudi growth soaring 7.6% this year on high oil prices
by  AFP

The Saudi economy is expected to grow 7.6 percent this year, up from 3.2 percent in 2021, on the back of soaring oil revenues, the International Monetary Fund said Wednesday. Bumper oil revenues and increased tax revenues from the non-oil economy saw the overall fiscal balance improve by almost nine percentage points to a deficit of 2.3 percent of GDP last year, the IMF said.

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