Qatar is expected to witness the largest real gross domestic product (GDP) growth in the world in 2011 at 20 percent, according to a Qatar National Bank (QNB) Capital review of the World Economic Outlook (WEO).
QNB capital said in a statement yesterday that in its latest WEO, published in April, the International Monetary Fund (IMF) maintained its global growth forecast at 4.4 percent for 2011 and at 4.5 percent for 2012, while cutting its real GDP growth forecasts for the Middle East North Africa (Mena) region in both 2011 and 2012 by 0.5 percent to 4.1 percent and 4.2 percent, respectively.
The reduction in the Mena region GDP growth forecasts was a response to the spreading social unrest in the region, rising sovereign risk premiums, and increasing import prices for commodities.
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