
Macro - Country Economic Forecasts - Qatar
Description
Macro - Country Economic Forecasts - Qatar
Qatar's GDP grew 1.5% in 2021, 0.7ppt below our forecast, after annual growth slowed in Q4 against our expectations of a pick-up. Although the latest industrial production reading displays notable weakness, we have kept our 2022 GDP growth forecast unchanged at 3.6% considering strengthening non-oil momentum in February and March amid economic reopening and our view of an upswing in activity related to the football World Cup later this year.
Qatar's GDP grew 1.5% in 2021, 0.7ppt below our forecast, after annual growth slowed in Q4 against our expectations of a pick-up. Although the latest industrial production reading displays notable weakness, we have kept our 2022 GDP growth forecast unchanged at 3.6% considering strengthening non-oil momentum in February and March amid economic reopening and our view of an upswing in activity related to the football World Cup later this year.
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