IMF Sees OPEC+ Oil Output Lift From July in Saudi Economic Boost
Fri, Apr 19, 2024 7:59 PM

IMF Sees OPEC+ Oil Output Lift From July in Saudi Economic Boost

A Flip by Shubhangi Gupta
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The International Monetary Fund expects OPEC and its partners to start increasing oil output gradually from July, a transition that’s set to catapult Saudi Arabia back into the ranks of the world’s fastest-growing economies next year. Under the latest outlook unveiled this week, the IMF improved next year’s growth estimate for the world’s biggest crude exporter from 5.5% to 6%.

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