Oman’s economy to grow by 5% in 2012, says IMF - Muscat Daily

The International Monetary Fund (IMF) has predicted that Oman's gross domestic product (GDP) growth will slow to five per cent in 2012 from 5.4 per cent last year. The Fund also anticipates that Oman's economic growth will slow further to 3.9 per cent in 2013.
In its report titled 'Economic prospects and policy challenges for the GCC countries', the Washington-based IMF has predicted Oman's fiscal surplus will be 7.1 per cent of GDP this year, down from 8.1 per cent in 2011. In line with other GCC countries, Oman's fiscal surplus is estimated to decline to 5.8 per cent of GDP in 2013.
The Fund estimates that the combined GDP growth of all the GCC states will be 5.6 per cent in 2012, down from 7.5 per cent in 2011, while the combined fiscal surplus of GCC countries is projected to be 14.6 per cent of the GDP this year.

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