Qatar Business Forecast Report Q4 2014

Business Monitor International
September 19, 2014
46 Pages - SKU: BMI5332295
Countries covered: Qatar

Qatar Business Forecast Report Q4 2014

Core Views

Qatar’s short-term political risk profile remains among the most stable in the region. Despite enjoying little in the way of democratic freedom, Qataris benefit from massive hydrocarbon wealth which is spread generously across the country’s native population and enjoy the highest per capita GDP in the world. A small population - and one without much inclination to protest against the government - will keep the country insulated from large-scale public unrest in the immediate term.

The Qatari economy will continue to expand at a rapid pace over the next few years, supported by accommodative fiscal policy - notably infrastructure spending - and strong population increases. The nonhydrocarbons economy will propel growth, with construction activity and the services sector set to remain the dominant performers. We retain our forecast for annual real GDP growth of 5.7% for 2014, but have revised up our projection for 2015 to 6.6% (from 6.1% previously).

The new Barzan gas development, which is planned to come on-stream in 2015, will drive a return to growth in the hydrocarbon sector throughout the coming quarters.



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