Saudi central bank says 2019 GDP growth will not be far from IMF forecast - Reuters:
Saudi Arabia’s economic growth this year will not be too far from the forecast made by the International Monetary Fund (IMF), central bank governor Ahmed al-Kholifey said on Tuesday.
The IMF expects the Saudi economy to grow 1.9%, slower than 2.2% in 2018, but some economists are more bearish due to oil output cuts.
His comments come amid concerns over the impact of Saturday’s attack on Saudi oil facilities that knocked out half the kingdom’s output and damaged the world’s biggest crude oil processing plant, triggering the largest jump in oil prices in decades.
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