Qatar’s Economy Expected to Grow by 7.3 PCT in 2015
Doha, June 09 (QNA) – Qatar’s economy is expected to register a real growth of 7.3 percent in 2015, driven by gathering expansion of the non-hydrocarbon economy and a boost from the start-up of the Barzan gas project, according to a report released by the Ministry of Development Planning and Statistics on Tuesday.
The “Qatar Economic Outlook 2015–2017” report sees real gross domestic product (GDP) growth strengthening in 2015, however, it anticipates a contraction in nominal income and a steep decline in both the fiscal and current account surpluses.
In 2015, real growth of 7.3% is expected, driven by gathering expansion of the non-hydrocarbon economy and a boost from the start-up of the Barzan gas project. However, real GDP growth is set to taper in 2016 and 2017 as activity in the non-hydrocarbon sector starts to moderate and the added production from Barzan falls out of the equation, it said.
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Source News: qna.org.qa