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Economy gru4 OMAN

Economy gru4 OMAN

Oman Economy Research & Analysis 2019 | Oxford Business GroupLike other GCC states, Oman’s economy is largely driven by oil and gas activity. However, with fewer and more complex hydrocarbons reserves than its neighbours, it is under greater pressure to diversify its economic base. The scale of this challenge was highlighted by recent falling oil prices, which led to the largest fiscal deficit in more than a decade.

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