The Arab Monetary Fund (AMF) has revealed that Qatar has been at the forefront of economic growth in the region, reaching 2.8% in 2019, supported by the accelerated pace of economic activity for a number of economic sectors, especially the non-oil sector. The report predicted that the oil-exporting countries of the GCC will register an economic growth of 2.1 percent.
According to the Arab Monetary Fund's “Arab Economic Outlook Report”, the Qatari economy is expected to continue to grow at a relatively high pace in 2019 and 2020, benefiting from the improved GDP growth. It also pointed out that the positive outlook for the Qatari economy in 2019 and 2020 will be affected by a combination of global and local factors, as economic growth is expected to remain driven by the maintenance of energy prices at relatively high levels and the stability of demand for exports.
As per the same source, the non-oil sector is expected to continue its growth momentum, benefiting from the strong performance of the industrial and construction sectors in line with the government's continued development of infrastructure as part of the implementation of the economic diversification strategy, as the construction sector is likely to continue its strong support for Qatar's economic growth.
Source (Al-Raya Al-Qatari Newspaper, Edited)
