We've trimmed our 2024 GDP growth forecast for Oman by 0.1ppt to 1.5% as curbs on oil production continue. We still expect output will be hiked gradually, helping GDP growth to pick up to 2.3% next year. We maintain our 2024 forecast of 2.4% growth in the non-energy sector, rising to 2.8% in 2025, supported by the domestic investment strategy.
Oman: Public finances to withstand the dip in energy revenue