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The International Monetary Fund (IMF) forecasts a 3.7 per cent growth in Oman’s real GDP for 2018.
In its World Economic Outlook for October 2017 which was published on Tuesday, the IMF estimated that the Oman’s deficit as percentage of the GDP will decrease from 18.6 per cent in 2016 to 14.3 per cent in 2018.
The IMF also forecasts a decline in Oman’s balance of payment deficit as a percentage of the GDP from 13.2 per cent in 2015 to 6.1 per cent in 2022.
The report said that the global recovery is still going on at faster pace and that the picture is different from early next year when the global economy was stumbling and the financial markets were fluctuating.
Globally, the IMF revised up its growth forecast to 3.6 per cent in 2017 and 3.7 per cent in 2018, both 0.1 per cent higher than its July projections. Global growth in 2016 was 3.2 per cent.
Fitch Ratings-Hong Kong-23 October 2017: Fitch Ratings has affirmed Kuwait's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'AA' with a Stable Outlook.
A full list of rating ac
The 4th session of the UAE- Spain Joint Economic Committee was held in Dubai today (Monday, October 23, 2017). The ministerial meeting of the committee was chaired by H.E. Eng. Sultan bin Saeed Al Ma
The Central Bank of Bahrain (CBB) announced that this week’s BD 70 million issue of Government Treasury Bills has been fully subscribed by 100%.
The bills, carrying a maturity of 91 days, ar
Saudi Arabia’s central bank has joined an international standard-setting body for Islamic finance, a move that could help standardise industry practices and ease cross-border transactions in the King
An influx of European investors saw the region’s deal activity increase to six times that of the first quarter of 2017, reaching $845 million in the second quarter of this year, according to the quar
Oman Daily Observer