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World Bank raises Saudi Arabia’s 2022 growth forecast to 4.9%

The World Bank has raised Saudi Arabia’s 2022 growth forecast from 3.3 percent to 4.9 percent. In a statement, the bank said the Kingdom would record 2.3 percent economic growth in 2023, compared to the previous forecast of 3.2 percent. It added that the oil sector will likely witness strong…

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