Qatar’s healthy public and external finances and the government’s intention to push ahead with its large public investment programme will drive economic growth, despite headwinds in the global economy, a new study has shown.
“Qatar’s economic performance will be resilient to a weaker global outlook,” said Samba Financial Group in its country report.
The global economy continues to struggle and the outlook is clouded by the escalating crisis in the eurozone, and uncertainty around how the US will deal with the impending fiscal tightening scheduled under current laws, dubbed “fiscal cliff”. Financial stresses have mounted; growth in emerging markets has begun to slow, as has world trade.
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