MUSCAT: Muscat is hosting the eighth annual workshop on economic modeling, organized by the Central Bank of Oman in partnership with the General Secretariat of the Gulf Cooperation Council (GCC). The two-day event aims to strengthen cooperation across the GCC in building and applying economic models to support policymaking.
The workshop focuses on the latest developments in economic modeling and its significance in shaping fiscal and monetary policies. It also assesses how these models help in evaluating economic diversification strategies, particularly in the context of global economic shifts. The agenda includes discussions on how national visions and economic diversification programs are evolving across the GCC, alongside the impact of climate change, geo-economic factors, and policy risks.
Experts and researchers from across the GCC are participating, sharing insights into energy economics, financial risk assessments, and the influence of geopolitical tensions on non-oil exports. The event is a platform to explore the increasing importance of green economies, technological innovation, and human capital investments for the region’s future growth.
Thursday’s session will focus on enhancing energy efficiency and evaluating the impact of global tensions on trade flows within the Gulf region. It will also address the role of innovation and the green economy in driving future economic growth.
This workshop is part of broader initiatives led by GCC central banks to promote knowledge sharing and expertise across government, academic, and research sectors. Economic modeling remains a critical tool for policymakers, providing data-driven insights that can guide the region's economic strategies in times of global uncertainty. — ONA
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