Gulf Times – ‘Safe haven’ Qatar set to post 19.5% growth on LNG boost

Driven by increased LNG sales, Qatar’s real GDP growth is expected to be the world’s highest of 19.5% this year, Deutsche Bank has said in a report.

Next year’s projected growth rate of 7.5% in real terms would also place it among the world’s fastest growing economies, the report said.

“Among the major oil and gas producers, Qatar stands out for the remarkable strength of its fiscal and current account balances, which are projected at 19.4% and 35.5% of GDP respectively for this year, and 15.5% and 32.9% in 2012,” Deutsche Bank said.

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