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MUSCAT: Fitch Rankings has predicted that Oman’s might document a surplus of 4.8% of GDP in 2022, this is able to be the primary time the nation can be attaining that since 2014.
In a brand new report printed on its web site, Fitch Rankings stated, “We count on the rise in hydrocarbon costs, together with efforts to diversify exports, to spice up the commerce stability of Omani items.”
The report said that the revival of tourism exercise will cut back the deficit in providers commerce, and hydrocarbon exports within the Sultanate of Oman will rise in 2022.
In December 2021, Fitch has revised its future outlook for the Sultanate of Oman to stabilise from damaging, with an affirmation of the long-term credit standing at “BB-”.
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