{"id":359228,"date":"2024-01-23T20:59:14","date_gmt":"2024-01-23T23:59:14","guid":{"rendered":"https:\/\/anba.com.br\/omans-economy-slows-down-still-grows-imf\/"},"modified":"2024-03-22T17:11:58","modified_gmt":"2024-03-22T20:11:58","slug":"omans-economy-slows-down-still-grows-imf","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/omans-economy-slows-down-still-grows-imf\/","title":{"rendered":"Oman\u2019s economy slows down, still grows: IMF"},"content":{"rendered":"<p>S\u00e3o Paulo \u2013 <strong>Oman\u2019s economy<\/strong> has been on an upturn path after the recession in 2020 and is expected to record a 1.3% growth in 2023 and 1.4% this year, according to projections released this Tuesday (23) by the Executive Board of the International Monetary Fund (IMF). In 2021, the Arab country grew by 3.1%, and in 2022, 4.3%.<\/p>\n<p>According to the fund\u2019s statement, inflation remains contained, and Oman\u2019s economic recovery continues, supported by <strong>favorable oil prices<\/strong> and a sustained reform momentum. An influential producer of hydrocarbons, the Gulf country had its most considerable growth in recent years when oil prices reached this decade\u2019s peak in 2022.<\/p>\n<p>At the close of 2023\u2019s first half, Oman\u2019s year-on-year growth rate was 2.1%. Projections for the end of the year are slightly lower. The deceleration is related to oil production cuts agreed by the Organization of Petroleum Exporting Countries and its allies (OPEC+), including Oman.<\/p>\n<p>According to the IMF, despite the slowdown in the economy as a whole, non-oil sectors are on a different path. They recorded a 1.2% expansion in 2022, then rose to 2.7% (year-on-year) in the first half of 2023. The performance was mainly attributed to agriculture, civil construction, and services.<\/p>\n<p>Inflation in the Arab country fell from 2.8% in 2022 to 1.2% from January to September 2023. For 2024, the IMF expects 1.7% inflation in Oman and 2% for 2025, a rate that could remain over the following three years. A faster global disinflation process could support growth.<\/p>\n<p><strong>Translated by El\u00fasio Brasileiro<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Arab country is projected to grow 1.3% in 2023 and 1.4% this year, supported by favorable oil prices and reforms. Agriculture, construction, and services are driving the Omani economy.<\/p>\n","protected":false},"author":2229,"featured_media":358048,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[47294,36915,28576,1988,1964,19412,2030,47295,47296,11961],"class_list":{"0":"post-359228","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-crescimento-de-oma","9":"tag-economia-de-oma-en","10":"tag-fmi-en-2","11":"tag-imf","12":"tag-oil","13":"tag-oma-en-2","14":"tag-oman","15":"tag-oman-growth","16":"tag-omani-economy","17":"tag-petroleo-ar"},"wps_subtitle":"The Arab country is projected to grow 1.3% in 2023 and 1.4% this year, supported by favorable oil prices and reforms. Agriculture, construction, and services are driving the Omani economy.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/359228","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2229"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=359228"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/359228\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/358048"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=359228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=359228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=359228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}