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FINANCIAL NEWS
Qatar’s 2012 real GDP to slow to 6%: IMF
18 Dec 2011
(MENAFN) The International Monetary Fund (IMF) said that next year, Qatar’s real gross domestic product (GDP) growth rate would be forecasted to slow down to 6 percent, compared with 19 percent in 2011, reported Arabian Business.
The IMF added that growth in real non-hydrocarbon GDP would expand to 9 percent, driven by large infrastructure investment and higher production in the manufacturing sector, on the other hand, real hydrocarbon GDP would moderate to below 3 percent as a result of Qatar’s self imposed halt on development of new hydrocarbon projects until 2015.
It also said that in 2011, inflation would be forecasted to average at 2 percent, following an average deflation of around 2.5 percent a year ago, moreover, average headline CPI inflation next year would be expected at 4 percent.
It is worth noting that Qatar’s development planning authority said that the country’s real GDP in 2012 will be expected to slow to 5.1 percent from a projected 15 percent for 2011.
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