A big breakthrough for Saudi Arabia at the international front
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The International Monetary Fund (IMF) has declared Saudi Arabia's economy as the fastest-growing among the G20 countries. According to Arab media reports, the IMF has stated that Saudi Arabia has achieved the fastest economic growth among the G20 nations, attributing this growth not only to oil but also to significant advancements in other sectors of production.
According to Arab media sources, the IMF has commended the Saudi government's efforts in solidifying measures to achieve the goals and objectives of Vision 2030.
The IMF has also praised Saudi Arabia for empowering women and ensuring their participation in the labor market, recognizing it as a significant step towards improving the Saudi labor market.
The IMF's assessment reveals a historic reduction in unemployment rates in Saudi Arabia, coupled with a 4.9% increase in the non-oil sector of the economy during 2023, further highlighting the nation's economic progress.
