QNB Group has revised its forecasts for Qatar's GDP growth in 2012-2013. The new forecasts take into account Q3 2012 GDP data, released last week by Qatar Statistics Authority as well as a slight downwards revision in oil price forecasts.
The Q3 GDP data was broadly in line with QNB Group's overall expectations, albeit slightly weaker in the oil and gas sector and stronger in the non-oil sector, QNB Group said in its weekly report.
As a result, QNB Group has revised up its estimate for overall real GDP growth in 2012 to 6.1% from 5.6% previously, and revised its 2013 forecast down marginally to 5.0%.
Qatar- QNB Group Raises 2012 GDP Growth Estimate - MENAFN
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