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IMF highlights risks for Saudi economy
The International Monetary Fund had some pointed – and diplomatically worded – advice for the kingdom in its latest Article IV review of the economy, released on 9 September. The Washington-based IMF said that non-oil growth was expected to strengthen to 2.9% this year as government spending and confidence increase, but overall GDP growth is projected to slow to 1.9% as oil growth dropped to 0.7% due to the agreement among Opec and other countries to limit output.
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