The IMF, in the 20 January update to its World Economic Outlook, revises down its forecast for Saudi Arabia 2020 GDP growth to 1.9% from its 2.2% forecast of three months earlier. The Fund’s forecast for 2021 forecast is left unchanged at 2.2%.

The IMF estimate of 2019 growth is also left unchanged at an anaemic 0.2%, well below population growth of 1.7% and as such implying a substantial fall in per capita GDP. (CONTINUED - 272 WORDS)