DUBAI (Reuters) – The International Monetary Fund said on Thursday that Oman’s economic recovery was continuing, while inflation remained contained, supported by favourable oil prices and sustained reform momentum.
“The economic outlook remains favourable. While growth is projected to slow down this year to 1.3 percent due to OPEC+ related oil production cuts, it is set to rebound starting in 2024, supported by higher hydrocarbon production and stronger non-hydrocarbon growth,” the Fund added.
(Reporting by Nayera Abdallah; Editing by Gareth Jones)
