Qatar trims forecast, warns of falling oil price risk

Falling oil prices could become a key risk to the outlook if they persist for longer (File photo: Reuters)

Qatar’s economy is likely to grow 7.7 percent in 2015, slightly slower than previously expected, but still well up from the 6.3 percent forecast for this year, the Ministry of Development Planning and Statistics said on Sunday.

The OPEC member’s fiscal surplus is forecast to jump to 8.7 percent of gross domestic product in calendar 2015 from 5.5 percent predicted in June, it also said in its semi-annual economic outlook.

Falling oil prices could become a key risk to the outlook if they persist for longer or become steeper, but the wider economy is likely to be shielded by the country’s considerable fiscal strength, the ministry added.
 

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Last Update: Wednesday, 20 May 2020 KSA 09:44 - GMT 06:44
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