Qatar appears to be heading for an end of its economic euphoria as growth in its GDP is projected to dip to only around six per cent in 2012 from an expected 19 per cent in 2011 and similar high rates in previous years.
IMF figures showed the Gulf country’s real GDP, which has recorded one of the world’s highest growth rates over the past decade, leaped by nearly 17 per cent in 2010 and is forecast to pick up by about 19 per cent in 2011.
The report expected GDP growth in the world’s third largest gas power to dive to nearly six per cent in 2012 but gave no reason the sharp fall apart from saying Qatar is still enforcing a moratorium on gas development projects.
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