Arab Today, arab today qatar economy grew at 19
Last Updated : GMT 05:05:38
Arab Today, arab today
Arab Today, arab today

Qatar economy grew at 19 %

Arab Today, arab today

Arab Today, arab today Qatar economy grew at 19 %

Dubai - Arabstoday

The International Monetary Fund (IMF) has asked Qatar to watch its \"large public spending programme\" as its gross domestic product (GDP) grew at 19 per cent in 2011, up from 17 per cent in 2010. \"The economic outlook for 2012 and beyond looks favorable, despite increased external risks. The main downside risks are lower hydrocarbon prices and potential disruption in transportation of liquefied natural gas (LNG) due to increased geopolitical tensions,\" IMF said in its annual assessment of Qatari economy on Tuesday. \"Real GDP growth rate is projected to moderate to 6 per cent in 2012, with real hydrocarbon GDP slowing down to 3 per cent, as LNG production remains constant due to the self-imposed moratorium on new hydrocarbon projects. Large government investment for infrastructure would sustain growth in the nonhydrocarbon sector between 9 and 10 percent beyond 2012.\" Qatar has weathered the global crisis with high growth, and large external current account and fiscal surpluses, said the global financial watchdog. \"Government intervention in the banking system has ensured financial stability, and it is using its fiscal space to implement a large public spending program to maintain strong growth in the nonhydrocarbon sector,\" it said. Article continues below The nonhydrocarbon sector is expected to grow by 9 per cent, driven by manufacturing, financial services, and trade and hotels. Consumer Price Index (CPI) inflation excluding rent increased to 5.8 per cent in October 2011. Following an average deflation of around 2.5 per cent in 2010, average CPI inflation is expected to average around 2 per cent in 2011 (end-year 2.5 percent)—with negative rental inflation being more than offset by a general increase in all the other components of the inflation basket. The banking sector remains profitable and strong with a capital adequacy ratio of 22.3 per cent, average return on assets of 2.7 per cent, and non-performing loans ratio of 2.3 per cent at end-June 2011. Average CPI inflation is projected at 4 per cent to 5 perc ent over the medium term, as rents stabilize due to a gradual decline in excess capacity in real estate, and as the implementation of large investment projects lead to some overheating pressures. The fiscal and external accounts are projected to remain in surplus throughout the medium term, as oil prices are expected to remain high. \"The expansionary fiscal stance in 2011/12 thus warrants careful monitoring of aggregate demand to ward off risks of inflation. Fiscal policy must continue to maintain a careful balance between spending on infrastructure to sustain non-inflationary growth, and saving and investing hydrocarbon surpluses abroad to generate sufficient income to finance future budgets,\" IMF said in its assessment. Developing a more formal and transparent macroprudential policy framework to enable a swift response when needed would help achieve orderly credit growth without generating overheating. The main challenges for monetary policy will be to support credit growth without fuelling inflationary pressures or short-term capital inflows. Reducing Qatar’s vulnerability to hydrocarbon price fluctuations will require, in addition to fiscal management, diversification into other sectors of the economy and reinforcing competitiveness. Opportunities for efficiency gains and reducing distortions in petrol, energy, and water use exist by reducing, among others, direct and indirect subsidies. It is also opportune to consider options for deeper pension reforms, IMF said.  

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 qatar economy grew at 19 Arab Today, arab today qatar economy grew at 19

 



Arab Today, arab today
Arab Today, arab today Hats, scarves add beauty to women

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today Tourist guide reveals methods of tourist attractions

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Leader Omar Abdel Rahman dies in US prison

GMT 19:00 2017 Sunday ,19 February

Leader Omar Abdel Rahman dies in US prison
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic

GMT 12:52 2017 Sunday ,19 February

Experts point to efficiency in 2018

GMT 12:46 2017 Sunday ,19 February

Omani Rials still changeable in Saudi Arabia

GMT 04:53 2017 Sunday ,19 February

Warranty issues top consumer complaints in Dubai

GMT 03:38 2017 Sunday ,19 February

Gulf states focusing on attack weapons purchases

GMT 03:03 2017 Sunday ,19 February

No salary cuts in Oman’s 2017 Budget
View News in Arabic - Business: اقتصاد عربي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
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 Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
Arab Today, arab today Actress Nadeen Al Rassi views art as her entity

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:05 2017 Friday ,17 February

Singer Diana Karzon will issue a new album soon

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

GMT 09:03 2017 Thursday ,16 February

Tour guide praises women’s beaches

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 21:42 2017 Sunday ,12 February

Rania al-Ghazali designs candles of bubbles
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