World Economy

Qatar Growth to Accelerate

Qatar Growth  to AccelerateQatar Growth  to Accelerate

Driven by its huge financial reserves and continued public sector spending ahead of the FIFA 2022 World Cup, Qatar’s economy is projected to grow stronger in 2017, compared to the regional peers (Saudi Arabia, Kuwait, UAE, Bahrain, and Oman), MENAFN reported. Qatar’s economic growth is forecast to grow at a rate of 3.3% in 2017 up from 2.6% in 2016, followed by Kuwait (2.6%), UAE (2.5%) and Saudi Arabia (1.8%). All (Persian) Gulf Cooperation Council countries except Kuwait, had seen economic contraction in 2016. UAE growth will pick up in 2017 to reach 2.5% up from 2.3% in 2016.

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