Tuesday 24 June 2014

Qatar raises 2014 economic growth forecast to 6.3 pct - Al Arabiya News

Qatar raises 2014 economic growth forecast to 6.3 pct - Al Arabiya News:



"Qatar’s economy is likely to grow 6.3 percent this year, much faster than previously expected and well ahead of other oil exporting Gulf states, helped by robust domestic demand, a report showed on Tuesday.



Gross domestic product growth in the world’s top exporter of liquefied natural gas is forecast to hit 7.8 percent in 2015, its fastest rate since 2011, said the report of the Ministry of Development Planning and Statistics. It was 6.5 percent in 2013. 





“Although receding hydrocarbon output is seen checking overall growth in 2014, with the commissioning of the Barzan gas project in 2015 a step increase in gas output is expected, taking aggregate growth higher,” the ministry said. "



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