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FinancialNews


  • 29-07-12

    S&P positive on Qatar economy prospects

    (MENAFN) Ratings agency Standard & Poor's expected Qatar's economic growth to cool next year as the Gulf emirate ends investment program to boost liquid natural gas production capacity, Saudi Gazette reported. On the other hand, S&P predicted Qatar's growth to speed up again from 2015 when the government restarts development of new hydrocarbon projects. The ratings agency also expected Qatar to continue diversifying overseas assets with fiscal surpluses invested through Qatar Investment Authority (QIA). S&P expected population growth to average 6 percent per year until 2015 in Qatar, while real GDP per capita was forecasted to drop by one percent over the same period. S&P affirmed its long- and short-term foreign and local currency sovereign credit ratings on Qatar at 'AA/A-1+' with a stable outlook.

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