Qatar GDP to grow 2.6% in ’18; to average 2.7% in 2019-23: IMF

Qatar GDP to grow 2.6% in ’18; to average 2.7% in 2019-23: IMF:

"Qatar’s gross domestic product (GDP) is set to grow 2.6% this year and then average 2.7% during 2019-23, bolstered by Doha’s moves to increase liquefied natural gas production capacity by about 30%, according to the International Monetary Fund (IMF). “Macro-financial indicators are improving in 2018 compared to mid-2017; the CDS (credit default swap) spreads have come down, stock market has recovered, and non-resident deposits have started to flow back in,” the IMF said in its Article IV consultation with Qatar. Highlighting that the medium-term financial outlook is expected remain broadly favourable; it said while the implementation of the public investment programme and the ease in the pace of fiscal consolidation would help support growth, the continuation of the diplomatic tensions could weigh on the confidence. Inflation may peak at 3.8% this year – as the impact of the value added tax being introduced during the second half of 2018 would mostly be felt in that year – before easing to 2.2% in the medium term, said the Bretton Woods institution."



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