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Oman’s Real GDP Growth Rate Projected To Ease To 3.9% By 2012
Published on Monday, 23 May 21:12 pm
Oman’s real GDP growth will ease from 6.1% in 2010 to 5.2% in 2011 and then 3.9% in 2012, according to the latest QNB Capital Economic Insight report. Oman’s nominal GDP reached an estimated $58bn in 2010 and is projected to rise by 22% to a record high of $70bn in 2011 and by a further 5% to $74bn in 2012. The Omani government conducts its medium term budgeting on the basis of five-year plans, noted the study. The eighth five year plan (2011-15) is currently underway.
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