Saudi Arabia forecasts lower growth, revenue for 2023 amid uncertain global economic outlook

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Saudi Arabia has forecast a lower GDP and fiscal revenue, including crude income, for 2023 as the world’s biggest oil exporter bases its budget on a conservative scenario that takes into account the global economic outlook. Saudi Arabia, which is forecasting a decade-high economic growth of 8% for 2022, is projecting its GDP will slow to 3.1% growth in 2023,…