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Qatar: Economic growth pared back amid geopolitical headaches

Economic growth: Qatar is set to register the GCC’s joint fastest growth this year, alongside Bahrain, according to the latest IMF forecasts. The IMF’s latest World Economic Outlook (WEO) predicts a 2% expansion of GDP in 2019, rising to 2.8% next year. As with most countries in the region, those numbers are lower than the IMF had forecast in April; in its last WEO report the IMF was expecting 2.6% growth this year and 3.2% in 2020. Regional tensions and reduced oil production have been hindering many Gulf economies, but for Qatar there is the added complication of the economic boycott by its neighbours, since June 2017.

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