The Sultanate Economy Continues to Witness Good Progress

Muscat, The Sultanate’s economy continues to witness good progress

and achieved an accelerated growth of 15.1 percent during the first half of 2018 as

compared to 10.3 percent in the same period last year.

The hydrocarbon and non-hydrocarbon sector grew by 37.1 percent and 5.1 percent,

respectively. The continuous policy efforts and improving business environment supported

sustained expansion in non-oil economic activities.

Inflation also remained benign and supportive of growth. Average annual inflation based

on CPI for the Sultanate stood at 0.9 percent during January- November 2018.

Source: Oman News Agency