Monday, 14 December 2009

Oman's economy grew 1-2 pct in 2009 -Econ Min

Oman's economy was expected to grow by a sluggish 1-2 percent this year after being hit by lower oil prices in the second quarter, the country's economy minister Ahmad Mekki said in remarks published on Sunday.

The global economic crisis slashed income for Gulf Arab oil producing nations, sending the region's key economies into downturn this year.

Non-OPEC Oman was less affected than fellow oil exporters in the region because it did not have to join oil output cuts required by the group.

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