The meeting brought together IMF representatives and members of the Oman Economic Association to discuss the country’s economic outlook, regional risks, local content and the practical challenges facing economic reform.
SHARE MUSCAT, NOV 2 Oman’s economy is projected to grow by around 4 per cent in 2026, supported by higher oil production and resilient non-oil activity, although regional conflict is increasing pressure on businesses, investment and the country’s economic outlook, according to the International Monetary Fund (IMF).
Dr Abdullah al Hassan, Head of the IMF Mission to Oman & Afghanistan, said the country’s medium-term economic prospects remained favourable despite heightened geopolitical risks and uncertainty surrounding the global economy.
Speaking at a meeting with the Oman Economic Association (OEA) as part of the IMF’s Article IV consultations, Al Hassan said economic growth had accelerated on the back of increased oil output, stronger trade and re-export activity.
