Qatar: Staff Report for the 2014 Article IV Consultation

Author: International Monetary Fund. Middle East and Central Asia Dept.

Volume/Issue: Volume 2014 Issue 108

Publication date: May 2014

ISBN: 9781484368541

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Topics covered in this book

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Banks and Banking , Exports and Imports , Money and Monetary Policy , Public Finance , Business and Economics - Statistics , ISCR , CR , budget blueprint , staff appraisal , surplus , Qatar , barrel oil price , finance management information system , management framework , price pressure , Public investment spending , Public investment and public-private partnerships (PPP) , Credit , Global , Middle East , North Africa , East Africa

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Summary

This 2014 Article IV Consultation highlights that Qatar’s macroeconomic performance has remained strong. GDP growth slowed from 13 percent in 2011 to 6.2 percent in 2012, mostly owing to the self-imposed moratorium on additional hydrocarbon production from the North Field. Growth was 6.5 percent in 2013, driven by strong expansion in the nonhydrocarbon sector. The negative spillovers from sluggish global growth and financial market volatility have been limited. The baseline macroeconomic outlook is positive. GDP growth could stay at about 6 percent in 2014, with public investments keeping growth at about 6–7 percent over the medium term.