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Oman expects GDP to rise 5 pct in 2010 – official

Oman’s GDP grew 2.2 percent in the period of January to June this year.

August 16, 2010 3:14 by



Oman’s economy should expand by 5 percent this year, slower than the government had predicted, after it rose 2.2 percent year-on-year in real terms in the first half, an economy ministry official said on Monday.

“The GDP in real terms grew 2.2 percent in the period of January to June this year,” the official, who did not want to be named, told Reuters.

“We predict the GDP in real terms to grow by 5 percent in 2010, because our oil production is expected to be higher this year,” he said.

(Reporting by Saleh Al Shaibany; Writing by Martin Dokoupil; Editing by Cynthia Johnston)



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