Arab Monetary Fund forecasts 4.4% GDP growth for Qatar in 2022 – The Peninsula

Arab Monetary Fund forecasts 4.4% GDP growth for Qatar in 2022 – The Peninsula

DOHA: The Arab Monetary Fund (AMF) expected the Qatari economy to grow by 4.4 percent this year and 3.6 percent in 2023, supported by the boom in activities related to the countrys hosting of the FIFA World Cup Qatar 2022, and the growth of non-hydrocarbon activities, in addition to its vital role in the global gas market, which enhances prospects for Growth of the local economy.

AMF said in a report released today that it expect inflation in Qatar will record about 4.3 percent during the current year, and that it will decline to 3.5 percent during the next year, as it expected that the Gulf Cooperation Council countries will achieve Arabia, a relatively high growth rate this year, at about 6.3 percent, compared to 3.1 percent last year, due to a sum of factors supporting growth in both the oil and non-oil sectors, and the positive impact of the applied economic reforms, in addition to continuing to adopt stimulus packages supportive of recovery from theCOVID-19 pandemic, it is likely that the growth rate of the groups countries will decline to 3.7 percent in 2023.

The report also expected that the growth rate of Arab economies would collectively about 5.4 percent in