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Macro - Country Economic Forecasts - Oman

Publisher Oxford Economics
Published May 13, 2025
Length 6 Pages
SKU # OFE20029100

Description

We've cut our GDP growth forecasts for Oman by 0.1ppt to 2.1% for this year and by 0.2ppts to 2.2% for 2026 to account for the adverse effect of US tariffs announced in April on global demand. The oil price drop triggered by the faster unwinding of oil supply cuts by OPEC+ and energy demand concerns will put downward pressure on the budget.

Table of Contents

6 Pages
Oman: Outlook weakens following global US tariff shock
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Background
Economic development
Structure of the economy
Balance of payments
Policy and politics

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