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World Bank Revises 2026, 2027 Economic Growth Projections for Saudi Arabia

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The World Bank revised its 2026 and 2027 economic growth projections for Saudi Arabia amid increased inflationary pressures from higher energy and food prices arising from the Middle East conflict.

In its Global Economic Prospects released Thursday, the international organization said it expects the kingdom's gross domestic product to grow 3.1% in 2026, compared with its 4.3% forecast in January.

For 2027, Saudi Arabia's GDP is anticipated to expand by 4.9% in 2027, against the World Bank's previous 4.4% estimate, before slowing to 3.7% in 2028.

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