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FINANCIAL NEWS
Oman’s economy expected to expand 5% in 2012: CB
19 Sep 2012
(MENAFN) Oman’s central bank executive president, Hamood Sangour al-Zadjali, stated that during the current year, the Sultanate’s economy will expand by 5 percent, reported Arabian Business.
Al-Zadjali said that Oman’s inflation, which is under control, will reach 3 percent during the year.
On the other hand, he noted that jobless rate in the Gulf Arab oil exporter is less than the 24.4 percent estimated by the International Monetary Fund (IMF).
He added that the central bank tries to keep an easy monetary policy to support the development of the economy.
It is worth noting that the central bank said there was a possibility to pursue accommodative monetary and fiscal policies until the end of 2012 without putting the macroeconomic stability of the country at risk.
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