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15-Jan-2017

S&P sees Oman GDP growing 1.5% this year and 1.7% in 2018

Standard & Poor's expects Oman's economic growth to remain below two per cent in 2017 and 2018. The Oman government, in its budget document for 2017, projected a gross domestic product (GDP) expansion of two per cent on the back of expected improvements in oil prices. S&P maintained its outlook for the sultanate at 'negative', which was revised in November last year from 'stable'. (Muscat Daily)

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