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Oman Growth to Remain Slow

Oman Growth to Remain SlowOman Growth to Remain Slow

Oman’s economy is expected to witness a slowdown in 2017, but the country is well placed to deal with the challenges posed by the economic slowdown in the short term, the Central Bank of Oman said in its annual report released on Sunday, TNS reported. The government has been proactive in undertaking various measures to address the macroeconomic challenges over the medium-term. “Although oil prices are expected to further recover somewhat, Oman oil price would remain much lower than the external breakeven level,” the report said.

 

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