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Qatar’s real GDP to grow by 2.6pct this year

08 May 2017

(MENAFN) Qatar’s real GDP is projected to increase to 2.6 percent this year and 3.6 percent in the coming year before slowing to 2.7 percent in 2019 driven by the non-hydrocarbon sector as higher oil prices ease liquidity.

However, in the hydrocarbon sector, natural declines at maturing oil fields will be more than offset in 2018-2019 by basic gas production from Barzan and investment in oil output Oil prices will recover.

On the other hand, inflation is projected to slow to 0.9 percent this year on falling rents, before jumping to 3.3 percent in 2018 with the introduction of VAT before easing to 2.5 percent in 2019.

Meanwhile, the government’s budget deficit will narrow to 1.5 percent this year before switching to surplus of 1.0 percent and 2.3 percent in 2018-19.

MENAFN0805201700450000ID1095459513

MENAFN0805201700450000ID1095459513

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