Arab Today, arab today imf qatar 2012 outlook positive
Last Updated : GMT 04:36:39
Arab Today, arab today
Arab Today, arab today

IMF: Qatar 2012 Outlook Positive

Arab Today, arab today

Arab Today, arab today IMF: Qatar 2012 Outlook Positive

Doha - Qna

The International Monetary Fund (IMF) has lauded the efforts being implemented by the State of Qatar to support strong growth in the non-hydrocarbon sector in the medium term and improve the living standards through the implementation of a large program of public spending, which coincides with an increase in oil and gas production and higher prices.  Qatar\'s economic outlook for 2012 remains \"positive\", the IMF said as it projected a 9% growth for the country\'s non-hydrocarbon sector next year.   Qatar\'s real gross domestic product (GDP) for 2011 is projected to accelerate to 19 percent, up from 17 percent in 2010, the IMF said in a statement after concluding its annual consultation with Qatar for this year.  The IMF expects nonhydrocarbon sector to grow by 9 percent driven by manufacturing, financial services, and trade and hotels, while hydrocarbon sector growth would peak from an increase in its production capacity of liquefied natural gas (LNG) to 77 million tons per annum (Mtpa).  While inflation is expected to decrease to 2.0 percent in 2011 (end-period 2.5 percent) compared with an average deflation of around 2.5 percent in 2010, according to the statement.  The IMF estimates the overall fiscal balance to remain in surplus of 2.7 percent of GDP, expecting the current account balance to record a surplus of 28 percent of GDP in 2011, up from 26 percent in 2010. Qatar\'s banking sector remains profitable and strong with a capital adequacy ratio of 22.3 percent, average return on assets of 2.7 percent, and non-performing loans ratio of 2.3 percent at end-June 2011, said IMF.  The nonfinancial corporates are also in an expansionary phase profits, cash is abundant, default rates are low, and financing conditions remain easy, it added.  The fund has also praised the number of policy measures, which were taken by Qatar Central Bank (QCB) since the second half of 2010 aimed at strengthening financial stability and managing liquidity.  \"A cap on remunerated deposits of QCB and successive reduction in policy deposit rates to align with US policy rates proved successful in driving out short-term arbitrage funds that were intermediated through the banking system,\" said IMF.   In this context, the IMF explained how the issuance of government bonds and sukuk coinciding with the imposition of the cap on central bank deposits, and issuance of treasury bills in lieu of central bank certificates of deposit have facilitated the mopping up of structural liquidity from the banking system over a longer period, while shifting the cost from the central bank s balance sheet to the Government.  The IMF expects the fiscal and external to continue to record surpluses, as hydrocarbon prices are expected to remain high.  Continued government investment will keep growth in the non-hydrocarbon sector between 9% and 10% beyond 2011.  Qatar is focusing on the diversification and expansion of its economy beyond its hydrocarbons sector. The development of a broad knowledge-based economy is one of the pillars of the government s National Vision for 2030, the long-term development strategy approved by Emiri -decree (44) in 2008. 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today imf qatar 2012 outlook positive Arab Today, arab today imf qatar 2012 outlook positive

 



Arab Today, arab today
Arab Today, arab today Nohan Seyam designs beautiful accessories

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today 11 family members dead in rebel push

GMT 07:57 2017 Tuesday ,21 February

11 family members dead in rebel push
Arab Today, arab today To probe sexual harassment claims

GMT 10:08 2017 Tuesday ,21 February

To probe sexual harassment claims
View News in Arabic - Business: اقتصاد عربي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today 57 monkeys carrying 'invasive' genes

GMT 16:00 2017 Tuesday ,21 February

57 monkeys carrying 'invasive' genes
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Ahmed Fahmy stresses he did not ignore singing

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 14:51 2017 Monday ,20 February

Ways to acquire presentation skills

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 16:08 2017 Wednesday ,15 February

Shawsh reveals her collection "Jewelry of dreams"
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday