Qatar’s growing economy – The Peninsula Qatar

Qatar’s growing economy – The Peninsula Qatar

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Qatar
  • Date: 15-Jan-2022
  • Source: The Peninsula…
  • Sector: Economy
  • Country: Qatar
  • Who else needs to know?

Qatar’s growing economy – The Peninsula Qatar

Qatar’s economy is expected to continue its growth momentum in the current year, despite challenges created by the COVID-19 pandemic. Several global organisations expect Qatar’s economy to grow by more than 2 percent in 2021 according to the latest Qatar Economic Outlook Report 2021-2023.

The consensus forecasts by a number of international institutions, organizations, and banks showed that the Qatari economy will undergo recovery during 2021 and 2022, with a predicted average growth rate of about 2.8 percent and 3.7 percent, respectively.

The optimism by global organisations about Qatar demonstrates the strength and resilience of the local economy. The growth registered by the economy in the last year is the result of many proactive measures taken by the concerned authorities.

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