An IMF team visited Muscat from April 3 to 16 and made a positive assessment on the economic scenario, forecasting an increase in revenues from other sectors other than oil.
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IMF forecasts a world growth of 3.9% in 2018 and 2019. Recovery in commodity prices will help developing countries.
A Fund’s staff team visited the African country last week and identified progress regarding economic growth. High inflation and low international reserves present risks to macroeconomic stability.
