IMF: Qatar economics still strong
Issue 966
- 25 Mar 2014
| 1 minute read
The International Monetary Fund (IMF) has released its preliminary findings following an Article IV consultation with Qatar, conducted on 19-20 February. While GDP growth slowed from 13% in 2011 to 6.2% in 2012, largely due to the self-imposed moratorium on additional hydrocarbon production from the North Field, the IMF projects it remained around 6% in 2013, driven by 10% expansion in non-hydrocarbons – which the IMF says now account for almost half of the economy – especially construction, transport, communications and finance.
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