Doha – Mubasher: Qatar’s gross domestic product (GDP) is expected to accelerate to 3.2% in 2016, 3.8% in 2017 and 4.1% in 2018, backed by big investment spending and the Gas production from the Barzan Gas Project, according to a report by Qatar National Bank (QNB) released on Wednesday.
QNB expected the oil sector to remain the key growth engine of the economy, supported by the strong investment spending, which is expected to reach its peak by the end of this decade.
The country’s oil GDP is forecasted to reach 6.5% in 2016, and then rise to 6.9% in 2017 and 7% in 2018.
The bank predicted a rise of 3.2% in Qatar’s inflation in 2016, and a 3.4% increase in 2017 and 2018.
