While addressing the Shoura Council, Emir of Qatar, Tamim bin Hamad al-Thani, reported, "An economic growth rate of 2.8 percent is expected by the end of 2018."
"Qatar has followed a conservative fiscal policy in light of the decline in oil prices, where Government spending has fallen by about 20 percent this year," he said.
"Qatar will maintain its position as the largest exporter of natural gas in the World. Qatari exports have grown by 18 percent over the past year and the Qatari currency has maintained its value."
Regarding the Country's Economic Classification, Prince Tamim bin Hamad Al Thani revealed that the credit rating agencies have revised Qatar's outlook to stable.
Source (CNBC Arabic, Edited)
