Moody’s raises GDP growth forecasts for Saudi Arabian economy

Moody’s raises GDP growth forecasts for Saudi Arabian economy:

Moody’s has raised Saudi Arabia’s GDP growth forecast for 2018 to 2.5 percent from 1.3 percent as it maintains a “stable outlook” for the Saudi economy.

The ratings agency also increased its 2019 GDP forecast to 2.7 percent, well above the 1.5 percent previously predicted, the Kingdom’s Ministry of Finance said.

Moody’s numbers exceed the forecasts of the Saudi Arabian government for the 2019 budget announced in September.