IMF predicts Qatar GDP growth around 6% in 2014

March 10, 2014 1:30 am

The International Monetary Fund (IMF) has said that Qatar’s GDP growth could stay around 6% this year, as the pickup in the public investment programme is roughly offset by a modest decline in hydrocarbon output, the Peninsula has reported. Public investments are expected to keep growth roughly 6–7% over the medium term, with non-hydrocarbon growth remaining about 10%, said the IMF. The non-hydrocarbon sector now accounts for almost one-half of the economy. The country’s inflation is expected to remain benign at 3 to 4% going forward, a modest increase from recent years, the IMF said.