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Friday, June 25, 2021

Qatar forecasts economic growth next year will be slowest in a decade

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The General Secretariat for Development Planning (GSDP) has told Reuters that it expects Qatar’s economic growth to slow to 4.5 % in 2013, the lowest for a decade. 

The GSDP told Reuters that Qatar is not entirely immune from the European financial crisis. 

“While the (euro) bloc’s problems may seem remote from Qatar, an unexpected weakening of oil prices risks reducing the resources available to the state,” the GSDP said. 

However, the International Monetary Fund said in January that it believed Qatar’s government had enough cash reserves to guard against any risk from financial crises around the world. 

Credit: Picture by Omar Chatriwala

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