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FINANCIAL NEWS
Qatar trims GDP growth to 7.7 percent in 2015
14 Dec 2014
(MENAFN) Qatar’s Ministry of Development Planning and Statistics said that the country’s economy is forecasted grow 7.7 percent in 2015, which is slightly slower than previous expectation, though still up compared with 6.3 percent predicted for this year, Gulf Business reported.
The Ministry added that the continuing fall in oil prices could become a risk to Qatar’s economy if the decline in prices persist longer or they decline further, though the country’s economy would still be protected due to Qatar’s considerable fiscal strength.
Meanwhile, the OPEC member’s fiscal surplus is forecast to jump to 8.7 percent of its gross domestic product (GDP) in 2015, compared with 5.5 percent that was previously predicted in June.
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