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Satyendra Pathak
Doha
Qatar’s economy is expected to grow 3.4 percent in 2021 as a strong fiscal stimulus package to support the non-oil private sector should cushion the downturn being witnessed due to the ongoing COVID-19 pandemic, according to FocusEconomics.
FocusEconomics said the solid external buffers and favourable debt dynamics allow for a robust response to limit the fiscal impact of the pandemic.
The FocusEconomics Consensus Forecast-Middle East & North Africa for July report, however, said that the country’s economy is expected to contract in 2020. FocusEconomics panelists see a 2.8 percent contraction in GDP in 2020, which is up 0.1 percentage points from last month’s forecast. page 7
Doha
Qatar’s economy is expected to grow 3.4 percent in 2021 as a strong fiscal stimulus package to support the non-oil private sector should cushion the downturn being witnessed due to the ongoing COVID-19 pandemic, according to FocusEconomics.
FocusEconomics said the solid external buffers and favourable debt dynamics allow for a robust response to limit the fiscal impact of the pandemic.
The FocusEconomics Consensus Forecast-Middle East & North Africa for July report, however, said that the country’s economy is expected to contract in 2020. FocusEconomics panelists see a 2.8 percent contraction in GDP in 2020, which is up 0.1 percentage points from last month’s forecast. page 7
