(MENAFN) Oman's economic growth is expected to grow by 4.5 percent in 2015, mainly due to a strong non-oil performance, while the country's gross domestic product (GDP) is expected to grow by 4 percent in 2014 and 4.5 percent in 2015, Times of Oman reported.
The sultanate's inflation, which averaged 1.1 percent in 2013, the lowest since 2005, is expected to remain low after it stood at 1 percent in August of this year and having an average of 1.1 percent during the first ten months of this year
Meanwhile, the country's oil production, which averaged 942.000 barrels per day (bpd) in 2013, an increase by 2.6 percent compared with the previous year, is expected to grow at a slow pace this year and the next after the government announced that it intends to maintain oil production between 950.000 and 960.000 bpd for the 2015-2020 period.
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