RIYADH: The Saudi Arabian economy that witnessed slow growth during the last three years and a negative growth of -0.7 per cent last year is projected to grow in the range of 1.9 per cent, according to projections by the Institute of International Finance (IIF).
Earlier this week, the International Monetary Fund (IMF) projected the real GDP growth at 1.7 per cent. Both the organisations say the economic prospects of the Kingdom have improved somewhat, supported by fiscal stimulus and higher oil prices.
