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Oman GDP growth predicted to reach 5% in 2015

April 14, 2014 1:27 am

The World Bank has said Oman’s real GDP is expected to grow 4.9% this year, and 5% in 2015, Muscat Daily has reported. The sultanate is expected to post a fiscal deficit of 2.7% of GDP in 2014, with the deficit to rise further to 6.3% next year, while the current account balance is seen to decline from an estimated 7.6% in 2013 to 0.8% in 2014 and then to a further low at -8.3% in 2015, the World Bank said.