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Country Economic Forecasts > Oman

  • April 2017
  • 8 pages
  • Oxford Economics
Report ID: 1907623

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GDP growth slowed abruptly to an estimated 1.5% in 2016 and will ease to 0.4% in 2017. Activity is being weighed down by lower government spending, the squeeze on private consumption, and a cut in crude production. But we expect GDP growth to surge to 5.2% in 2018, on the back of a 20% increase in gas production as the Khazzan gas field comes online from the end of 2017, but also due to easing fiscal and liquidity pressures driving non-oil growth higher.

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