Qatar's central bank governor, Sheikh Abdullah bin Saud al-Thani, predicted Qatar's GDP growth of 2.8 percent in 2020, up from 2 percent in 2019, according to the International Monetary Fund's World Economic Outlook.
He also expected the GDP growth to be the fastest in the six-nation Gulf Cooperation Council.
He pointed out that "the external account surplus and financial reserve provides the necessary macroeconomic strength in the State of Qatar," stressing that "the policy measures taken in Qatar to help the economic diversification will promote economic growth in the non-hydrocarbon sector, and in this sense, the economic growth is expected to be on a large scale driven by recovery in both the hydrocarbon and non-hydrocarbon sectors."
“The economic outlook for 2020 remains positive, as a number of policy measures taken in recent years are expected to boost overall economic growth in the country and favorable macroeconomic fundamentals and financial stability will also provide growth for an enabling macroeconomic environment,” he said.
Source (Al-Arabi Al-Jadeed Newspaper, Edited)
