Qatar’s 2015 growth to rise to 7% despite low oil prices: IMF

The International Monetary Fund (IMF) expects Qatar’s growth to rise to around 7 percent in 2015 and describes its short-term outlook as positive.

In a report, the IMF’s Executive Board lauded Qatar for diversifying its economy while retaining its key role in the global natural gas market.

Qatar’s economy maintains strong growth momentum despite the large drop in oil prices since summer 2014. Real GDP growth is stable at 6 percent over the past three years, mostly driven by a double-digit expansion of the non-hydrocarbon sector, the report said.
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Source News: Qatar Tribune