Wednesday 28 March 2012

UPDATE 1-Qatar economy grows 14 pct in 2011, likely to slow | Reuters

Qatar's economy expanded 14 percent in inflation-adjusted terms last year as energy exports gave it one of the highest growth rates in the world, although the pace was slower than analysts had expected, preliminary data from the Statistics Authority showed on Wednesday.

Real gross domestic product of the world's top liquefied natural gas exporter grew 4.4 percent quarter-on-quarter in the final three months of 2011, and 14.7 percent on an annual basis, the data revealed.

Last year's growth was below a consensus estimate of 17.5 percent given by a Reuters poll of analysts, and below the International Monetary Fund's latest estimate of 18.7 percent. A statement from the statistics authority did not explain the discrepancy.

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