MUSCAT : Oman’s economy continues to demonstrate resilience and stability, with inflation remaining contained and economic activity expanding despite global uncertainty and lower oil prices, according to highlights from the International Monetary Fund’s 2025 Article IV Consultation report.
Data cited by the Central Bank of Oman show inflation rose modestly to 0.9% during the January–October 2025 period, compared with 0.6% in 2024, reflecting stable price conditions and sustained confidence in the financial system.
Economic growth accelerated to 0.6% in the first half of 2025, driven mainly by robust performance in non-hydrocarbon sectors, underscoring the progress of diversification efforts under Oman Vision 2040, the report said.
The IMF assessment reaffirmed the strength of Oman’s regulatory and supervisory framework, noting that the banking sector remains sound, supported by strong capital adequacy, ample liquidity buffers and improved profitability.
Despite a modest current account deficit estimated at 1.1% of gross domestic product in 2025, Oman’s fiscal and external positions remain robust, the International Monetary Fund said.
The medium-term economic outlook remains positive, supported by continued non-hydrocarbon growth, a gradual increase in oil production and ongoing structural reforms aligned with Vision 2040.
The Central Bank of Oman said it remains committed to preserving monetary and financial stability while supporting sustainable economic growth.
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