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Economy

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Arab Monetary Fund forecasts 4.4% GDP growth for Qatar in 2022

AGFUND has signed a MoU with the AMF to achieve sustainable development goals in the Arab region through financial inclusion.
By TRENDS Desk
August 20, 2022 1:11 pm
  • The fund said in a report released today that it expect inflation in Qatar will record about 4.3 percent during the current year
  • The report also expected that the growth rate of Arab economies would collectively about 5.4 percent in 2022

The Qatari economy is anticipated to expand by 4.4 percent this year and 3.6 percent in 2023, according to the Arab Monetary Fund, which attributes these projections to the surge in activities associated with the nation’s hosting of the FIFA World Cup Qatar 2022, the expansion of non-hydrocarbon activities, and the growth of the global gas market.

The fund said in a report released on Friday that it expects inflation in Qatar to rise by about 4.3 percent during the current year, and decline to 3.5 percent during the next year.

It also expects  the Gulf Cooperation Council countries to grow at about 6.3 percent, compared to 3.1 percent last year, due to growth in both the oil and non-oil sectors, in addition to continuing to adopt stimulus packages supportive of recovery from the Corona (COVID-19) pandemic, 

The Fund, however said, it was likely that the growth rate of the group’s countries will decline to 3.7 percent in 2023.

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