The International Monetary Fund (IMF) forecasts a 3.7 per cent growth in Oman’s real GDP for 2018, according to ONA.
In its World Economic Outlook for October 2017, which was published on Tuesday, the IMF estimated that Oman’s deficit as percentage of the GDP will decrease from 18.6pc in 2016 to 14.3pc in 2018.
The IMF also forecasts a decline in Oman’s balance of payment deficit as a percentage of the GDP from 13.2pc in 2015 to 6.1pc in 2022.
The report said that global recovery is still going on at a faster pace and that the picture will be different early next year.
Globally, the IMF revised its growth forecast to 3.6 per cent in 2017 and 3.7 per cent in 2018, both 0.1 per cent higher than its July projections. Global growth in 2016 was 3.2 per cent.