Gas Production to Boost Oman’s GDP in 2018

published:19/10/2017 06:13 GMT

Oman’s economic growth will slow to just 0.3 % this year – its weakest since 2011 – on the back of a drop in oil output, before recovering to 2.8 % in 2018 as gas production expands and the non-oil economy steadies, a report said. There remain notable downside risks, however, noted the latest Economic Update from the National Bank of Kuwait (NBK). The government’s large budget deficit could require sharper-than-forecast fiscal consolidation if the financing climate deteriorates – perhaps from...More