IMF raises Oman’s 2026 growth forecast to 3.7 percent as resilient economy drives fiscal surplus seen reaching 4.5 percent of GDP
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GCC CONTEXT
Oman's fiscal position reflects a structural shift driven by sustained crude oil revenues and diversified economic activity, with non-hydrocarbon sectors increasingly contributing to baseline growth. The IMF's upward revision aligns with historical patterns in GCC economies where commodity price stability and domestic spending restraint have enabled governments to shift from deficit to surplus positions, improving debt sustainability metrics. Such fiscal strengthening typically correlates with central bank liquidity conditions and regional fixed-income market sentiment, as higher government savings reduce domestic financing needs and can influence money supply dynamics across the Gulf's interlinked banking systems.
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