Central Bank of Oman - Annual Report 2005

According to the Central Bank of Oman's Annual Report 2005, the macroeconomic environment of Oman in 2005 was characterized by strong economic growth, modest inflation, large surpluses in fiscal and balance of payments positions, monetary and financial stability, as well as further momentum on diversification initiatives.

"The robust performance of the economy in terms of nominal GDP growth at 24 percent was also reasonably broad based across sectors, with value addition in petroleum and non

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