Tuesday, October 13, 2026Jumada I 2, 1448 AH

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Business

World Bank to Asharq Al-Awsat: Easing of Hormuz Shock to Drive Saudi Growth to 7.9% in 2027

Asharq Al-Awsat EnglishBy Hala Saghbini

Saudi Arabia's economy is expected to stage a strong rebound in 2027 as the effects of disruptions to energy and trade flows fade. The World Bank forecasts the Kingdom's GDP to grow by 7.9 percent next year, following a projected 2 percent contraction in 2026. The crisis linked to the Strait of Hormuz closure has demonstrated that diversifying sources of economic growth is just as important as diversifying energy export routes and logistics infrastructure.

Read the full article at Asharq Al-Awsat English

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IMF upgrades 2026 growth forecast but warns of 'split' outlook

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