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IMF forecasts Oman economy to grow 4.2% in 2013
- Oman: Monday, April 22 - 2013 at 07:38
The International Monetary Fund (IMF) has said the Omani economy is forecast to grow 4.2% this year, 3.5% in 2014 and would maintain a moderate growth rate, which will average 3.8% to 2018, Muscat Daily has reported. Oman's current account surplus is seen to drop from 15.6% of GDP in 2012 to 9.9% of GDP in 2013, with a further decline to 4.7% of GDP in 2014, the IMF said in its report. The IMF projection is significantly lower than the growth rate estimated in Oman's state budget for 2013, which sees a 7% growth in GDP for 2013.
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