Thursday 27 June 2013

Qatar Raises 2013 Growth Forecast on Hydrocarbons - Bloomberg

"Qatar raised its 2013 economic growth forecast to 5.3 percent from 4.8 percent projected in December on larger-than-expected production of oil and gas, the country’s planning agency said.
“Output of pipeline gas is expected to be higher in 2013 than projected in December and oil production is expected to fall more slowly,” the General Secretariat for Development Planning said in an e-mailed report.
The agency also raised its projection for the country’s fiscal surplus to 8.1 percent of gross domestic product from 5.4 percent, according to the report."

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