QATAR'S REAL GDP TO GROW AT 6%

Qatar's real Gross Do­mes­tic Prod­uct (GDP) is likely to grow 6.3% in 2014 and 7.8% in 2015, ac­cord­ing to the Qatar Eco­nomic Out­look (QEO) re­port for 2014-15, re­leased by the Min­istry of Devel­op­ment Plan­ning and Sta­tis­tics (MDPS).

Qatar Today - - AFFAIRS > LOCAL -

MDPS Min­is­ter HE Dr Saleh Al Nabit says: “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. And in the com­ing years, growth is ex­pected to be more broadly based still.”

In­fla­tion touched 3.1% in 2013 from nearly 2% in 2012, likely to be at 3% in 2014 and around 3.4% in 2015. Do­mes­tic in­fla­tion­ary pres­sures are ex­pected to pick up over the rest of 2014 and 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.

Newspapers in English

Newspapers from Qatar

© PressReader. All rights reserved.