Riyadh – Mubasher: The International Monetary Fund (IMF) expects Saudi Arabia’s economy to grow by 1.9% in 2020, according to its most recent World Economic Outlook report.

The expected Saudi gross domestic product (GDP) growth rate is lower than previous estimates at 2.2%, due to the oil output cuts, Reuters reported.

Moreover, the IMF is expecting growth in the Middle East and Central Asia this year at 2.8%, also 0.1% less than its estimates last October.

Nevertheless, the IMF expects economic growth in the Kingdom to reach 2.2% in 2021.