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FINANCIAL NEWS
Qatar’s non-hydrocarbon sector to pick up this year
09 Apr 2017
(MENAFN) Qatar’s growth is projected to increase this year, driven by the non-hydrocarbon sector, which was 5.6 percent last year, while it continued to be resilient in the face of low oil prices.
Furthermore, growth will pick up this year driven by stronger non-hydrocarbon sector growth due to higher oil prices, a growth in capital spending and fading drag from manufacturing.
The country’s real GDP growth was 1.7 percent in Q4 and 2.2 percent for last year as a whole, moderating from annual growth of 3.6 percent in 2015.
Additionally, growth in the non-hydrocarbon sector was 5.6 percent last year, while construction sector was the largest contributor to growth.
MENAFN0904201700450000ID1095379298
MENAFN0904201700450000ID1095379298
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