gulfnews : Credit, money supply growth set the tone for Oman

Oman’s economy is expected to continue to grow steadily during the second half of the year despite the Eurozone crisis, supported by the favourable oil prices, the country’s central bank governor said.
“The outlook for 2012 remains positive as [is] evident by some lead indicators like credit growth, money supply etc. The momentum of growth is likely to be sustained in the second half of 2012 despite adverse global developments,” Hamoud Bin Sangoor Al Zadjali told Zawya Dow Jones in an email interview on Monday.
In December, Al Zadjali told Zawya Dow Jones he expects gross domestic product to range between 5 per cent and 6 per cent through the year.

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