The International Monetary Fund stated on Thursday that "the economic recovery in the Sultanate of Oman continues, while inflation remains under control, supported by favorable oil prices and ongoing reforms." It added: "Economic forecasts remain favorable, and while growth is expected to slow this year to 1.3 percent due to OPEC+ production cuts, it is set to rebound starting in 2024, supported by increased oil and gas production and stronger growth in the non-oil sector."
IMF: Economic Recovery Continues in Oman
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