Macro - Country Economic Forecasts - Oman
We nudged our 2025 GDP growth forecast for Oman down by 0.1ppt, to 2.2%, which is an improvement on the 1.5% expansion we expect this year. Growth continues to be driven by non-energy sectors, after a strong pickup of 4.6% in H1, despite a deeply negative contribution from accommodation and food services. We think non-energy sector growth will average 2.8% next year, while the energy sector will provide support from Q2 as oil output restrictions are eased.
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