Macroeconomic Forecast Oman

February 2007 | Macroeconomic Forecasts

We see real GDP expansion of around 4.6% for 2006, but now expect this to slow only to 4.4% in 2007 (as opposed to our previous forecast of 4.1%). Thereafter we see a brief jump back to 4.5% in 2008, as last-ditch attempts to ramp up oil production bear fruit. Downside risks to these forecasts come in the form of lower oil prices or any investment-negative developments.

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