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FinancialNews
13-06-22
KSA enjoys lower inflation rates while worldwide economies suffer
(MENAFN) While the international economies are damaging from a surge in worldwide food and commodity costs, Saudi Arabia is anticipated to experience lesser amounts of inflation, in line with an estimate from the Organization of Economic Cooperation and Development.
The OECD stated that Saudi Arabia’s gross local outputs is projected to increase by over twice the rate of other G20 economies.
According to an OECD report in its latest financial forecast the Saudi economy is going to raise by 7.8 percent this year, whereas G20 economies are anticipated to expand by 2.9 percent.
The OECD also revised up the Saudi GDP expansion next year to 9.0 percent, tripling the G20 regular expansion, whereas the Kingdom’s inflation rate is going to stay under the G20 average of 6.3 percent.
MENAFN13062022000045014228ID1104364251
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