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FinancialNews


  • 18-08-19

    Qatar to enjoy improved economic growth

    (MENAFN) Qatar Central Bank is expecting the GCC nation to enjoy faster economic growth in 2019-20 as oil prices are likely to stabilize and exports are forecast for constant boosts.

    Last year, the Qatari economic growth stood at 1.4 percent to mark a decline compared to the 1.6 percent growth witnessed a year earlier.

    In its report, the central bank affirmed "although real GDP growth was somewhat slower than the preceding year, the economic outlook for 2019 remains positive."

    "Favourable movements in global oil prices, strong exports and improvement in fiscal balance are likely to provide overall macroeconomic stability in 2019," it further added.

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