Doha – Mubasher: Qatar’s Real Gross Domestic Product (real GDP) leapt 4.8% year-on-year in the second quarter of fiscal year 2015, according to a report by NBK Capital.
The report showed a 1.8% rise in the country’s consumer price index (CPI) y/y in November, thanks to y/y 9.1% higher costs of housing and utilities, and in non-oil sector.
While credit growth has slowed during 2014-15, private sector credit growth remains robust at 23.5% y/y.
The non-oil revenues were negatively affected by the falling oil prices, which was translated into 7.7% deficit in GDP in Q2-15.
The main equities index dropped 19.4% by mid-December 2015 on bearish oil sentiment and a recent rebalancing of the MSCI index. The index stood at a 2-year low of 9,912, the report stated.
