Kingdom’s quick and decisive response to the pandemic helped soften the impact on people & firms says IMF

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saudi arabia flag riyadh xpress

Quick and Decisive Response

Along with the reforms it implemented before the covid crisis, Saudi Arabia’s quick and decisive response to the pandemic helped soften the impact on people & firms. Economic recovery is underway and is expected to continue.

IMF in a report also mentioned that the Kingdom should withdraw its remaining covid-related economic policy measures gradually to support the ongoing recovery.

The IMF recommends spending more in 2021 on transfers to low-income households to boost their incomes and consumption.



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