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).
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.