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FINANCIAL NEWS
Oman’s economy to increase by 2.5pct in 2018
09 Jul 2017
(MENAFN) Oman’s GDP is projected to increase by 2.5 percent in the coming year, up from 1.5 percent in 2016, as exposed the Euler Hermes Credit Agency.
Additionally, the agency also predicted that the deficit in the Sultanate’s recent account will drop to 11 percent of the GDP in the coming year.
Furthermore, the measures adopted by the government have collaborated to the fall in the budget deficit, due to the fall in oil prices last year.
Meanwhile, the modest recovery in oil prices this year should support improves state revenues and narrows the fiscal deficit to 9 percent of the GDP.
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