MUSCAT : Oman’s economic growth is expected to accelerate to 4.5% in 2026, supported by increased oil sector activity and continued expansion in non-oil industries, according to an International Monetary Fund mission statement.
The IMF experts forecast non-oil activity to grow by 1.4%, while average inflation is expected to reach about 3% this year before gradually easing to around 2% over the medium term.
The projections were outlined in a statement issued at the conclusion of the IMF mission’s meetings with Omani authorities.
Read More
- HH Sayyid Theyazin presides over Sultan Qaboos University’s 40th anniversary
- Oman elected Vice-Chair of WHO Working Group on Pandemic Agreement
- Oman and Saudi Arabia sign Hajj agreement for 1448 AH season
- Oman, Liberia sign agreement to establish diplomatic relations
- Oman’s Interior Minister receives Qatari counterpart to discuss security cooperation
The fund expects Oman’s fiscal position to remain strong in 2026 and 2027, with continued fiscal discipline allowing room for investment to strengthen economic resilience and diversification.
Oman’s current account surplus is projected to reach about 6.5% of gross domestic product in 2026, with surpluses expected to continue over the medium term, the statement said.
For all the latest news from Oman and GCC, follow us on Twitter, Instagram and LinkedIn, like us on Facebook and subscribe to our YouTube page, which is updated daily.
