Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Qatar's growth rate to stay at 6-7pc: IMF  Join our daily free Newsletter

MENAFN - The Peninsula - 07/05/2014
No. of Ratings : 0
Add to Mixx!

(MENAFN - The Peninsula) Qatar's gas-to-liquids Barzan plant could help push the country's growth above 7 percent by 2015. Public investments are expected to keep growth at 6-7 percent over the medium term, with non-hydrocarbon growth remaining about 10 percent, IMF said in its Qatar Country Report yesterday.

On the country's macro economic outlook and risks, it said Qatar's GDP growth could stay around 6 percent in 2014 as the pickup in public investments is offset by a modest decline in hydrocarbon output.

Inflation is projected to stay at 3 to 4 percent - a modest increase from recent years due to accelerating capital expenditures. The anticipated gradual decline in commodity prices, including for food, should reduce price pressures from strong economic activity in the context of the exchange rate peg. Fiscal and external balancesre projected to taper down significantly over time due to flat LNG production, falling crude oil output from mature fields, expected lower hydrocarbon prices, and growing nominal expenditures. The public debt ratio is expected to fall, but the headline budget balance could - according to IMF staff projections - turn into deficit by 2019, while the current account surplus could drop to 6.5 percent of GDP.

In the short-term, a global slowdown or financial turbulence could yet have adverse repercussions for Qatar. Generally, revenue losses from lower oil and natural gas exports would likely be the most significant spillover channel for Qatar. However, the financial channel could become important given Qatari banks' remaining wholesale funding exposures abroad, their Mena linkages, and external financing needs for the infrastructure programme.


The Peninsula

  MENA News Headlines
 Nov 29 2015 - Detained journalists urge EU not to compromise with Turkey on rightsAsia Times
(MENAFN - Asia Times) Can Dundar (R) and Erdem Gul speak to the media outside a courthouse in Istanbul Thursday European diplomats have been measured in their criticism of media freedom in ...

 Nov 29 2015 - Putin approves economic sanctions against TurkeyAsia Times
(MENAFN - Asia Times) (From RT) Russian President Vladimir Putin formally signed a decree imposing a package of economic sanctions against Turkey ignoring a reconciliatory move by Turkish ...

 Nov 29 2015 - Saudi- Sir Syed an epitome of unity and tolerance: Raj BabbarArab News
(MENAFN - Arab News) RIYADH: Sir Syed Ahmed Khan truly inspires us showing the way for tolerance and unity in diversity by considering Hindus and Muslims as two eyes of India; and if one of them is ...

 Nov 29 2015 - Saudi- New tax will hit 'a few land owners'Arab News
(MENAFN - Arab News) RIYADH: The real estate sector is upbeat about the recent Cabinet decision to impose a 2.5 percent tax annually on vacant land in urban areas saying that the move will create ...

 Nov 29 2015 - SJAHI marks 60 years of Saudi Japan tiesArab News
(MENAFN - Arab News) JEDDAH: A seminar on energy efficiency in the automobile sector was held as part of the 60th anniversary of the establishment of diplomatic relations between Saudi Arabia and ...

 Nov 29 2015 - Saudi- Pilgrim killed 17 injured in road accidentArab News
(MENAFN - Arab News) MAKKAH: An Umrah pilgrim was killed and 17 others one of them critically were injured when their bus hit a truck on the Madinah-Makkah highway early Friday morning. The bus ...

 Nov 29 2015 - Saudi- Action urged against child abuseArab News
(MENAFN - Arab News) RIYADH: Top academics have called for a concerted drive against domestic violence in cases involving child abuse. Describing it as a global phenomenon they called for raising ...

 Nov 29 2015 - Saudi- New Causeway system put offArab News
(MENAFN - Arab News) JEDDAH: Abdul Rahman Al-Yahya director general of the Passport Department announced that plans to set up a one-stop border crossing post at King Fahd Causeway have been ...

 Nov 29 2015 - Saudi- Incentive for border health workersArab News
(MENAFN - Arab News) JEDDAH: The director of the Health Department in Jazan Ahmed bin Mohammed Al-Sahli has said that the Health Ministry will pay SR20 million to workers at hospitals in the southern ...

 Nov 29 2015 - Bahrain hits out at Iranian meddlingArab News
(MENAFN - Arab News) MANAMA: Bahrain has again warned Iran against interfering in its internal affairs. The Ministry of Foreign Affairs summoned the charge d' affaires of Iran's Embassy in Bahrain ...






Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Economic Calendar
Financial Glossary

Financial Calculators

RSS Feeds [XML]

Corporate Monitor


Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters

© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help