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FINANCIAL NEWS
Qatar’s GDP to increase at 3.7 percent in 2015
17 Dec 2015
(MENAFN) Qatar predicts a solid growth in the non-oil & gas economy, but expects that the rise will moderate as project activity tables, the country will grow at 3.7pct this year.
However, the dip from last year, when real GDP growth was 4.1 percent, is mainly the result of a reduction in the hydrocarbon part, due to decreasing oil production.
“Capital spending programs will continue to support demand, but as project activity intensifies, its rate of growth will naturally slow,” said Minister of Development.
In addition, a small economical surplus is expected in 2015, but some shortages may be seen in 2016 and 2017.
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