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FINANCIAL NEWS
Qatar to hit 6.9 percent growth in 2015
18 Sep 2014
(MENAFN) Samba financial group showed that Qatar is expected to hit 6.9% growth in 2015 due to the strong public investment spending, Gulf Times reported.
The country’s economy maintained its robust momentum in Q1, 2014 increasing by 6.5%, with significant contributions from construction, government services, trade, restaurant and hotels and finance.
The non-oil economy continues to pick up the slack left by the hydrocarbon sector, which Samba expects to remain broadly flat through 2015.
Samba said that the moratorium on natural gas production has kept hydrocarbon contribution broadly flat over 2013, turning negative at the end of the year thanks to receding oil production.
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