Spending more is key to Oman’s economic revival – Times of Oman

Spending more is key to Oman’s economic revival – Times of Oman

Muscat: Financial experts in Oman have suggested people to spend more to help grow the country's economy following the COVID-19 pandemic.. Some of the ideas mooted are more flexible plans for services offered, discounts at stores, and increasing the purchasing power of people, so that the consumer confidence remains strong, which would make them contribute more to the economy.. Shahswar Al Balushi, the head of the country's Tanfeedh Labour Labs, said: "The emphasis is to increase the purchasing power locally, create efficiency so that businesses can become profitable and grow.. Also any time you let go of an employee, it is going to be extremely difficult to part with an experienced employee of yours, particularly at the present time, and any time you want to get back that experience, it is going to be extremely challenging..