Riyadh – Mubasher: The Saudi gross domestic product (GDP) is expected to grow around 2% in 2018 and 2019, according to the World Bank’s World Economic Outlook Report.
The kingdom’s budget deficit is forecast to decline to 4.1% of GDP in 2018 to go down to 1.9% in 2019, the report suggested.
“Although oil revenues are the primary driver [of the aforementioned growth], the improving fiscal outlook also relies on commitment to reform efforts to raise non-oil revenues,” the World Bank said.
