Saturday 7 July 2012

gulfnews : GDP set to slow this year in Qatar

The gross domestic product (GDP) is projected to slow down this year and the next, partly reflecting conscious choices. The main reason for the expected economic slowdown reflects the undeclared moratorium of gas output.
Nevertheless, Qatari authorities have been sparing no time exploring all sorts of regional and international options aimed at achieving diversification and development of the country’s economy. The more recent examples entail Qatar Airways exploring the viability of entering Saudi Arabia’s domestic market.
According to the General Secretariat for Development Planning (GSDP), inflation-adjusted gross domestic product (GDP) growth should ease from 14 per cent in 2011 to 6.2 per cent in 2012 and still 4.5 per cent in 2013. GSDP’s qualification includes that of being a state entity with access to all information.

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