Qatar's economic outlook remains rosy, helped by strong growth in the non-hydrocarbon sector and a well-capitalized banking system, but inflation will rise over the next few years as construction booms and the population expands, the International Monetary Fund said.
Inflation will rise from 3% in 2013 to 5% in 2016, the IMF said in a report on the Qatari economy issued Wednesday, echoing warnings from the country's planning board last month about inflationary pressures.
"As infrastructure-related construction activities pick up, as the demand-supply situation in the real estate market converges, and as the expatriate population increases, inflation will gradually increase from 3% in 2013 to 5% by 2016," the world lender said.
IMF sees rising inflation in Qatar amid construction boom - Zawya
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