Strategic Gears：2024年沙特阿拉伯经济展望报告（英文版）（29页）.pdf

1、Saudi ArabiaEconomic Outlook 2024STRATEGIC GEARS|Saudi Arabia Economic Outlook 2024|CONTENTSKey Takeaways 3Summary 4 The Global Outlook 6 MENA Regional Outlook 8 Oil Outlook 9 Saudi Arabia Growth Outlook 10 Saudi Arabia Monetary Policy Outlook 14 Saudi Arabia Fiscal&Public Debt Outlook 16Saudi Arabi

2、a External Sector Outlook 18 Saudi Arabia Labour Market Outlook 21 Things to Watch in 2024 26 Macroeconomic Dashboard 28STRATEGIC GEARS|Saudi Arabia Economic Outlook 2024|3Key TakeawaysThis report provides an analysis of Saudis macroeconomic performance in the first five months of 2024 and growth pr

3、ospects for the remainder of the year.It assesses the countrys fiscal policy,external sector,labor market,and business environment based on projections made by the Ministry of Finance ahead of the fiscal year and the International Monetary Fund(IMF)in April 2024.The report concludes with highlights

4、of challenges and sectors to watch in the coming year.Below are our key takeaways.Saudi Arabia is actively diversifying its economy by reducing its reliance on oil and expanding its non-oil sector.After being stagnant in 2023(growth rate of 0.03%),the economy is expected to grow by 2.6%this year acc

5、ording to the IMF,moderately below Saudis 4.4%projection in the 2024 budget.The growth trend of non-oil economic activity reflects a persistent expansion,with ongoing investments in the private sector and non-oil industries.Despite the expected fiscal deficit in 2024 to finance non-oil developmental

6、 projects,public debt in Saudi Arabia remains sustainable.With the fiscal balance expected to be in deficit over the medium term until 2026,the Kingdoms public financial management system is healthy,having a strong a credit rating profile,low debt-to-GDP ratio,significant foreign reserves,and moment