GDP growth to average 2.2% for 2017: QNB - The Peninsula Qatar

GDP growth to average 2.2% for 2017: QNB - The Peninsula Qatar:

"Qatari economy will continue to be resilient against the blockade and the growth momentum is expected to pick up in the fourth quarter resulting in annual GDP growth of 2.2 percent in 2017, according to QNB.

Citing the Ministry of Development Planning and Statistics’ (MDPS) latest document on Qatar’s Q3 GDP, QNB’s weekly economic commentary noted that real GDP growth accelerated to 1.9 percent year over year in Q3, up from 0.3 percent the previous quarter. The strong upturn was led by the hydrocarbon sector which gained 0.2 percent in Q3 compared to a contraction of 3.1 percent in Q2. The non-hydrocarbon sector remained broadly stable at 3.6 percent in the quarter versus 3.7 percent in Q2.

“Overall, the economy continues to be resilient against the blockade and we expect momentum to pick up in the fourth quarter resulting in annual GDP growth of 2.2 percent in 2017,” QNB analysts noted."



'via Blog this'