Mubasher: Qatar’s economic growth is expected to increase by 2% during the full-year 2018, from 1.6% in 2017.
The GCC nation’s gross domestic product (GDP) will grow by 2.5% in 2019, but it will decline by 2.3% in 2020, according to Capital Economics’ recent report.
As for Qatar’s inflation, the London-based economic research consultancy has expected that inflation may increase by 1.5% over this year, from 0.4% in 2017.
It is worth noting that Qatar Central Bank (QCB) stated in its annual report No. 41 that the nation’s economic growth is expected to hike by a range between 2% and 3% in 2018.
The bank attributed the increase in gross domestic product (GDP) to a growth in the hydrocarbons sector, which has been enhanced by an improvement in international oil prices.
Earlier in January, the World Bank (WB) has forecast a growth of 2.6% in Qatar’s economy over 2018.
