Macroeconomic Forecast Oman

We now see the 2007 fiscal balance coming in at just 3.5% of GDP, a sharp downturn from the 9.1% of GDP recorded the previous year, although we emphasise that there are strong upside risks to this forecasts from oil. Thereafter, we see a drop to 2.4% of GDP in 2008, 0.0% of GDP in 2009, before the balance turns to deficit thereafter

To read the full article, please choose one of the following options: