Sunday , May 22 2022

Despite the blockade … IMF expects Qatar economy to grow 3.1%



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The International Monetary Fund (IMF) estimates Qatar's GDP as 2.4% this year and 3.1% next year and calls the country's economic policies ar wise Uluslararası.

At the end of his visit to Doha on Wednesday, the International Fund said the Qatari economy grew, despite the blockade of neighboring countries.

According to the IMF statement, Qatar's GDP will increase by 2.4% in 2018 and is expected to grow by 1.6% in 2017.

The IMF is expected to rise to 3.1 percent in 2019, and the country's foreign exchange reserves are expected to rise to $ 36 billion.

The average growth of Qatar's economy is expected to be around 2.7% in the 2019-2023 period, supported by the country's gas exports to the World Cup "World Cup 2022", according to a report published on the IMF website.

"The near and medium-term outlook of Qatar's economy benefits from the rise in oil prices and prudent policies on macroeconomic factors," he added.

The IMF report said that the monetary and economic conditions of the country have increased significantly, because banks have influenced non-resident inflows and could reduce its commitment to financial support from monetary and financial authorities.

According to the report, the "large foreign reserves" allowed the Qatari economy to "successfully absorb the shock" between 2014 and 2016, due to the collapse of oil prices and the blockade of neighboring countries in 2017.

The International Monetary Fund (IMF) expects Doha to bring a value-added tax close to the end of 2019 or early 2020.

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