Qatar’s GDP continues upward trajectory with 2.7% Q1 growth

Qatar’s GDP continues upward trajectory with 2.7% Q1 growth

Doha, Qatar: With the economic activities unfolding in Qatar, the GDP of the country will remain steady and further its growth, say experts.

In a report accumulated by Cushman and Wakefield real estate firm, Johnny Archer, Market researcher, analyst, and Director of Consulting and Research at Cushman and Wakefield said that the upcoming events and activities in the country throughout this year and the upcoming years have witnessed the epitome of resilient global economy.

The first quarter of 2023 steadied at 2.7 percent GDP growth stated the report adding that enhancing business-related activities, investments and projects will bolster the country’s economy.

The report said: “Oxford Economics’ 2023 GDP forecast for Qatar remains unchanged at 2.7 percent, with economic activity sustaining this pace in 2024 as the government continues to support growth.”

In the meantime, foreign direct investment (FDI) is anticipated to increase in the coming years with potential tourism and business industries elevating in the country. The report highlighted that “The expected expansion of gas capacity and the pipeline of planned projects to draw FDI will underpin average growth of 3.2 percent in the non-oil sector this year and next.”

Numerous outlets in the country have shown a positive sign of growth as they continue