Qatar’s growth is projected to accelerate to 20 percent in 2011, while inflation will remain subdued, according to the International Monetary Fund (IMF) in its 2010 Article IV Consultation Concluding Statement on the State of Qatar for the year 2010.
“Qatar has weathered the global financial crisis exceptionally well, reflecting the quick and strong policy response by the authorities. Growth has rebounded,” the Statement said. It notes that continuing public investment in infrastructure will keep growth high in the medium term and support non-hydrocarbon growth. Improving productivity will be key to greater self-sustaining long-term growth in the non-hydrocarbon sectors.
While the current expansive fiscal policy remains appropriate and monetary policy should remain geared towards supporting credit growth, aggregate demand should be carefully monitored in order to avoid the emergence of inflationary pressures, said the Statement.
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