Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Qatar's GDP Growth to Rise 6.3% in 2014  Join our daily free Newsletter

MENAFN - Qatar News Agency - 24/06/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Qatar News Agency) Ha june 24 (qna) - the ministry of development planning and statistics expected a robust growth of qatar's real gross domestic product (gdp) to 6.3% in 2014 and 7.8% in 2015 driven by gathering expansion of the non-hydrocarbon economy.



this came in qatar economic outlook (qeo) 2014-2015 report released today by the ministry.

the impulse to growth from hydrocarbon production in past years is receding and growth is increasingly dependent on solid performance in other sectors according to the qeo report.



commenting on these indicators he minister of development planning and statistics dr. saleh bin mohammed al nabit said "the last few years have shown a robust trend of continuous growth in non-hydrocarbon sectors. last year for example services and construction were the main contributors to economic growth propelled by investments in infrastructure."



he added "in the coming years growth is expected to be more broadly based still." the qeo report released every six month by the ministry of development planning and statistics said that inflation forecast to be largely unchanged in 2014 at 3.0% compared to 3.1% last year and to increase modestly in 2015 to 3.4%.



domestic inflationary pressures are expected to pick up over the rest of 2014 and in 2015 as domestic demand strengthens though the moderate inflation in the first half of 2014 will restrain the year's average and a benign global inflation outlook will help to offset domestic sources of inflationary pressures in the near term.



the fiscal surplus in fy2013/14 was higher than the previous year's. the balance is on track to remain in surplus in fy2014/15 even if narrowing over the forecast period owing both to expenditure growth (capital and recurrent) as the public investment programme gathers pace and to an expected decline in hydrocarbon revenue.

although staying hefty as a share of gdp the current account surplus is set to continue drifting down mainly on declining hydrocarbon export revenue rising imports and higher foreign workers' remittances.



risks to the outlook include chances of much weaker oil prices--reflecting a combination of weakening economic growth in emerging markets and expanding oil supply--and escalating domestic project costs that could cut into the fiscal surplus.

still "qatar will continue strengthening its economic management and its private sector to reinforce its positive development trajectory" dr. saleh said. (qna)


 






  MENA News Headlines
 Sep 2 2014 - Egypt military academy stampede kills 9Arab News
(MENAFN - Arab News) CAIRO Nine people were killed on Tuesday in a stampede outside a military academy in Egypt by relatives seeking to visit cadets the army said in a statement.The military released ...

 Sep 2 2014 - Attack on Egypt security convoy kills 11 in SinaiArab News
(MENAFN - Arab News) CAIRO: An attack on a convoy killed 11 members of the Egyptian security forces in the Sinai Peninsula on Tuesday security and medical sources said.Two were killed by a roadside ...

 Sep 2 2014 - UAE- Human League to perform in DubaiKhaleej Times
(MENAFN - Khaleej Times) The Human League bring their electro-pop back catalogue to Dubai New wave legends The Human League will bathe The Irish Village in synths for their show on Thursday September ...

 Sep 2 2014 - UAE- Ismail Matar backs Mahdis contract extensionKhaleej Times
(MENAFN - Khaleej Times) Matar hinted that het could be able to return to the pitch in two weeks time after covering half of the four-week period decided by the doctors for his recovery.Dubai: Al ...

 Sep 2 2014 - Dubai does well to curb thalassaemia in newbornsKhaleej Times
(MENAFN - Khaleej Times) Drop in the number of disease cases attributed to awareness campaigns screenings.The number of cases of thalassaemia in newborns in Dubai has drastically reduced due to the ...

 Sep 2 2014 - UAE- Umm Al Quwain offers 50 per cent off on traffic finesKhaleej Times
(MENAFN - Khaleej Times) The 50 per cent cut on pending fines includes unpaid fines for speeding and other traffic violations available till December 5.The UAQ Police are offering a 50 per cent ...

 Sep 2 2014 - UAE- Ajman launches online renewal of car registrationKhaleej Times
(MENAFN - Khaleej Times) The programme also provides the opportunity for public to renew their registration card without having to visit the traffic department.The Ajman Police on Monday launched its ...

 Sep 2 2014 - UAE- Cop accused of kidnapping raping womanKhaleej Times
(MENAFN - Khaleej Times) He drove her to a dark location near a construction site after offering a lift where he allegedly raped her.A cop has been charged in the Court of First Instance with ...

 Sep 2 2014 - UAE- Manager blackmails women staff for sex court hearsKhaleej Times
(MENAFN - Khaleej Times) Three women have complained against the 31-year-old man alleging that he had been constantly sexually harassing them.A Palestinian manager has been brought before the Court ...

 Sep 2 2014 - UAE- 22-year-old Indian found hanging from treeKhaleej Times
(MENAFN - Khaleej Times) Police patrols and paramedics were rushed to the spot who took down the body and transferred it to Al Dhaid Hospital for an autopsy.A 22-year-old Indian man was found hanging ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help