Qatar: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Qatar

International Monetary Fund

No 2018/135, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2018 Article IV Consultation highlights that Qatar’s growth performance remains resilient. The direct economic and financial impact of the diplomatic rift between Qatar and some countries in the region has been manageable. Nonhydrocarbon real GDP growth is estimated to have moderated to about 4 percent in 2017 owing to on-going fiscal consolidation and the effect of the diplomatic rift. Headline inflation remains subdued, primarily owing to lower rental prices. The near-term growth outlook is broadly positive. Overall, GDP growth of 2.6 percent is projected for 2018. Inflation is expected to peak at 3.9 percent in 2018 before easing to 2.2 percent in the medium term. The underlying fiscal position continues to improve.

Keywords: ISCR; CR; GDP; near-term growth outlook; GDDS summary table II data coverage; growth; Non-hydrocarbon real GDP growth; private sector engagement; growth performance; real estate price index; liquidity profile; hydrocarbon price; Commercial banks; Credit; Fiscal stance; Global; Middle East; North Africa; East Africa (search for similar items in EconPapers)
Pages: 57
Date: 2018-05-30
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