
Macro - Country Economic Forecasts - Qatar
Description
Macro - Country Economic Forecasts - Qatar
We continue to believe the economy began the year with a rebound and expect Qatar's GDP to expand by 3.6% in 2022, following 1.5% growth in 2021. Our forecast balances expectations of strong non-oil performance – underpinned by economic reopening and spending related to the FIFA World Cup later this year – with relatively limited room to expand energy sector output in the near term. However, gas sector investment should support increasing capacity and prospects for recovery in the medium term.
We continue to believe the economy began the year with a rebound and expect Qatar's GDP to expand by 3.6% in 2022, following 1.5% growth in 2021. Our forecast balances expectations of strong non-oil performance – underpinned by economic reopening and spending related to the FIFA World Cup later this year – with relatively limited room to expand energy sector output in the near term. However, gas sector investment should support increasing capacity and prospects for recovery in the medium term.
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