Oman Growth Will Accelerate Slightly In 2024 But Remain Relatively Subdued
Country Risk / Oman / Thu 28 Mar, 2024
Key View
- Oman's economic growth will increase from 1.6% in 2023 to 2.1% in 2024, driven by normalised hydrocarbon production and a small drop in interest rates in H2 2024.
- Net exports will contribute positively to growth with a minimal contraction in oil production and a boost in tourism due to diversification efforts.
- However, growth will