Qatar seeks 7 percent growth in 2015 despite oil plunge


(MENAFN) Qatar's economy is expected to grow 7 percent in 2015, as it forges ahead with huge infrastructure investment despite the drop in oil prices, leading economist said.

The figure compares with estimated growth of 6.5 percent for 2014.

The Qatar National Bank's "Economic Insight" anticipated even higher growth rates of 7.5 percent for 2016 and 7.9 percent for 2017 in the gas-rich Gulf state.

"Qatar is well-positioned to withstand the temporary decline in oil prices due to its strong macroeconomic fundamentals," the QNB report said.


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.