Under the Patronage of H.E. Sheikh Abdullah Bin Nasser Bin Khalifa Al-Thani, The Prime Minister and Minister of the Interior for the State of Qatar
Preliminary data suggests Qatar’s economy grew by 0.9% y/y in Q1 this year, up from 0.5% in Q4 2018. The oil sector performance turned positive after four quarters of contraction, with non-oil activity also showing some improvement. With recent developments suggesting a loss of momentum in Q2, Oxford Economics have cut their 2019 GDP growth forecast to a below-consensus 1.3%.
The pace of recovery is expected to improve in the medium term, amid ongoing investment ahead of World Cup 2022, with growth forecast to average 2.9% between 2020 and 2022.