Low pressure to bring rains in Sultanate
WASHINGTON: The Sultanate’s real GDP will increase to 2.4 per cent in 2018 and 2.9 per cent in 2019 compared to 0.9 per cent in 2017, according to World Bank report published on its website on Monday under the title ‘Global Economic Prospects.’’
The bank said that growth in the region is projected to fall to 2.1 per cent in 2017 as the adverse impact of Organisation of the Petroleum Exporting Countries (Opec) oil production cuts outweighs modestly improving conditions for MUSCAT: Latest satellite pictures show formation of tropical low pressure area in the east of the Arabian Sea, around 450 km away from Ras Madrakah with surface windspeed of 15 to 20 knots, according to a statement issued by the Public Authority for Civil Aviation (PACA) on Monday.
As a result of this, coastal areas of Dhofar, Al Wusta and South Sharqiayah will get isolated rains from Tuesday for the next three days.
Weather charts indicate cloud advection over the Sultanate associated with isolated rain.
The effect of southwesterly wind will sustain along the Arabian Sea importers.
Growth is expected to pick up to 2.9 per cent in 2018, assuming a moderation of geopolitical tensions and an increase in oil prices.
The World Bank forecasts that global economic growth will strengthen to 2.7 per cent in 2017, as a pickup in manufacturing and trade, rising market confidence, and stabilising commodity prices allow growth to resume in commodity-exporting emerging market and developing economies.
It said that the growth in Asia coast, with maximum waves height ranging between 3 to 4 metres.
Public Authority for Civil Aviation has urged people to follow the timely weather advisories published by the National MultiHazard Early Warning Centre.
Temperatures for Muscat and Salalah are expected to be in the mid-forties, but in other areas such as Nizwa, Ibri and Rustaq, it could be very hot. and Pacific is projected to ease to 6.2 per cent in 2017 and to 6.1 per cent in 2018, as the gradual slowdown in China is offset by a pickup elsewhere led by a rebound among commodity exporters and accelerating growth in Thailand.
The bank said that the global growth forecasts are affected by major risks.
New trade restrictions could derail the welcome rebound in global trade.