DOHA: The Arab Monetary Fund (AMF) expects Qatar’s economy to grow by 4.4% this year and 3.6% in 2023. This is fueled by a boom in activity related to the host country of the 2022 FIFA World Cup Qatar and the growth of non-profit organizations. -Hydrocarbon activity boosting the growth prospects of the regional economy, in addition to its significant role in the global gas market.
In a report released today, the AMF said it expects inflation in Qatar to hit around 4.3% this year and ease to 3.5% next year. Compared to his 3.1% last year, this year’s growth is relatively high at around 6.3%. Continued adoption of stimulus measures to help recover from the COVID-19 pandemic could see group country growth slow to his 3.7% in 2023.
The report also expects overall economic growth in the Arab countries to be around 5.4% in 2022, compared to 3.5% in 2021.
This rise is largely due to rising global demand levels, high growth rates in the oil and gas sector, and stimulus packages to support an economic recovery worth over $400 billion over the period (2020-2022). due to the continuation of the Arab government to adopt , a number of economic reforms aimed at increasing the level of economic diversification, reforming the business environment, encouraging the role of the private sector in the sector, supporting human capital and increasing the level of economic resilience In addition to the positive impact of the implementation of the strategy, combined with the slowdown in global economic growth and the expected fall in commodity prices, the Arab countries as a whole are projected to record around 4% economic growth in 2023. increase. The impact of a gradual withdrawal from expansionary fiscal and monetary policies supporting the aggregate demand side.
