2023: Oman's economy expands with 1.3% real GDP growth, low inflation, and favorable oil prices.
IMF reports Oman's economic activity expanding with low inflation and real GDP growth of 1.3% in 2023. Favorable oil prices, fiscal and structural reforms help maintain a strong financial position. Oman Vision 2040 aims to diversify the economy, with steady progress on implementing structural reforms. Near-term outlook is favorable, but risks include geopolitical tensions, global slowdowns, and higher interest rates.
May 13, 2024
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