Qatar’s economy growth to slow down in 2016-17 – report

Doha – Mubasher: Qatar’s economy growth rate is expected to slow down in the upcoming years, which limits the government’s ambitions to execute more investment projects, a report by Capital Economics said on Wednesday.

The London-based firm’s report said that the Qatari economy rose last year by 3.5%, amid a recession in the hydrocarbon sector and a weak growth in the non-oil sector due to the failing oil prices.

The report also forecasted a rise of 2.5% to 3% in the country’s gross domestic product (GDP) in 2016-2017. 

Mubasher Contribution Time: 23-Mar-2016 12:46 (GMT)