A report by Standard Chartered Bank showed that Qatar is moving steadily towards a remarkable economic recovery, with its economy expected to double in size by 2031.
This growth is due to the ability of Qatar to restore government revenues to levels before the shock of the oil price decline in 2014, thanks to its strategic position in the global energy market and its continuous efforts to diversify its national economy.
The Bank's economic forecast for the second quarter of 2024 indicates that Qatar is entering a new phase of economic growth, driven by the "huge gas boom" as Qatar's gas reserves are sufficient to ensure that production continues at its current rate for at least 140 years.
Source (Al-Raya Qatari Newspaper, Edited)
