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Sunday, 18 December 2011

Qatar 2012 outlook positive but growth to slow-IMF | Reuters

Qatar's economic growth will slow next year and it faces an increased risk of lower oil and gas prices due to weaker global demand, but the overall outlook for its economy is positive, the International Monetary Fund said on Sunday.
The world's top liquefied natural gas exporter saw its economy expand at a double-digit clip in 2011 and it plans to spend heavily on infrastructure projects before it hosts the 2022 soccer World Cup.
"The economic outlook for 2012 remains positive, despite increased external risks. Real gross domestic product (GDP) growth rate is projected to moderate to 6 percent in 2012," the IMF said in a statement after concluding its annual consultation with Qatar on Dec. 1. For this year, the IMF has estimated growth of 19 percent.