IMF finds the Saudi economy is slowing under pressure from lower crude oil prices, though reforms are pushing momentum more or less in the right direction. Photo by Fedor Selivanov/Shutterstock WASHINGTON, May 19 (UPI) — The economy of Saudi Arabia is expected to slow down noticeably as a result of lower oil prices, though the fiscal policies are adapting, the IMF said Thursday. Moody’s Investors Service this week lowered the credit rating for Saudi Arabia by one notch from Aa3 to A1. While strong when compared with other sovereigns, Moody’s said the Saudi economy would not be spared from the pressure of lower crude oil prices. A survey from the International Monetary Fund said the decline in crude oil prices, off roughly 20 percent from this time last year, could translate to a 1.2 percent increase in real gross domestic product for Saudi Arabia this year. That’s compared with […]