S & P confirms Qatar’s economy with stable outlook

18 Feb 2016

(MENAFN) Standard & Poor’s Ratings Services affirmed its ‘AA’ long-term and ‘A-1+’ short-term foreign and regional currency credit ratings on Qatar, which is stable.

Accordingly, the country’s financial and external positions are expected to move to deficits from 2016 onward, while it has built a huge net asset position over many years.

Moreover, Qatar’s economy increased by almost 5.5 percent yearly over the last four years, but it expected this will slow to about 4.0 percent over 2016-2019.

On the other hand, non-oil growth should maintain float due to spending under a USD 125bn infrastructure investment program and helped by the growing population.

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