The IMF estimated that Saudi Arabia would see 2.6% growth in 2021, jumping up to 4.0% in 2022
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Posted inDRILLING & PRODUCTION
Saudi Arabia needs to accelerate reforms after downgraded economic forecast: GlobalData
The IMF significantly downgraded Saudi Arabia’s economic growth forecast for 2019
Posted inDRILLING & PRODUCTION
Oil prices stumble on geopolitical tensions, international trade disputes: IEA
The International Energy Agency says the future is uncertain as geopolitical tensions loom and oil demand growth estimates are cut back
Posted inDRILLING & PRODUCTION
IMF: Gulf economies will grow in 2019 but face volatile oil prices
The International Monetary Fund said GCC countries’ economies would grow by 3% in 2019
Posted inDRILLING & PRODUCTION
Saudi needs $87.9 a barrel to break even: IMF
The organisation’s latest regional outlook paints an uncertain picture regarding the price of oil moving forwards.