World Economy

Qatar GDP to Grow 7.8%

Qatar GDP to Grow 7.8%Qatar GDP to Grow 7.8%

Qatar’s overall GDP is forecasted to grow to 7.8% during 2014-16, while the non-hydrocarbon share to GDP is set to hit 57.2% by 2016. The expected growth in GDP is mainly attributed to large investments in construction, services and transport sectors, QNB Group’s Qatar Economic Update showed, MENAFN quoted The Peninsula Qatar as reporting. On the other hand, the country’s current account surplus is projected to narrow over the medium-term on lower oil prices, with the fixed exchange rate to the US dollar.