Qatar executives bullish on future economic growth – The Peninsula

Qatar executives bullish on future economic growth – The Peninsula

Doha: Executives in Qatar remain bullish about future prospects for the country, with around 82 percent expecting the economic growth of the coming five years to meet or exceed forecasts, according to the latest findings in the Qatar Investment Outlook Pulse 2022 from EY.

The report is based on extensive one-on-one discussions, from Q4 2021 to Q1 2022, with executive decision-makers across the largest businesses in Qatar.

The country’s GDP is expected to rise to QR764bn this year, significantly up compared to the QAR525.7bn reported in 2020, when the country was in the grip of the COVID-19 pandemic. Oil and gas and consumer services had the most positive sentiments, with respectively 64% and 45 percent of interviewees expecting the sectors to outgrow the general economy over the next five years.

, said: “Qatar has shown great resilience in the face of many challenges and has resolutely navigated regional and global events, particularly the Covid-19 pandemic, which was brought under control through an efficient and agile vaccination program. This has instilled great confidence in executives and investors, despite the ongoing global economic headwinds, with optimism around the promise of more opportunities throughout the country.”

Around 55 percent of interviewees had bearish sentiments relating to the