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Sunday, 25 July 2021

IMF says Qatar will grow 20 per cent in 2011

Reuters, Tuesday 14 Dec 2010

Qatar's vibrant natural gas sector will propel the country to a 20 percent growth rate next year, the International Monetary Fund said on Monday.

Despite this runaway expansion, inflation will remain subdued at 3 percent, the fund said.

"While the current expansive fiscal policy remains appropriate and monetary policy should remain geared towards supporting credit growth, aggregate demand should be carefully monitored in order to avoid the emergence of inflationary pressures," the IMF mission to Qatar said in a statement.

The fund also praised Qatar's banking system as "resilient to credit and market risks."

The main risk to the fund's robust outlook for Qatar, which the IMF deems small, is a sharp drop in the price of natural gas, the statement said.

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© 2010 Ahram Online.