Macro - Country Economic Forecasts - Qatar

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.

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