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Qatar: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Qatar
Author:
International Monetary Fund. Middle East and Central Asia Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2017: Issue 088
Language:
English
Publication Date:
10 Apr 2017
DOI:
https://doi.org/10.5089/9781475593518.002
ISBN:
9781475593518
ISSN:
1934-7685
Pages:
57
Keywords:
ISCR; CR; authority; Qatari authorities; IMF staff estimate; hydrocarbon price; banking system liquidity; exhaustible hydrocarbon wealth; Public investment spending; Oil prices; Government debt management; Global; Middle East; North Africa; East Africa
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This 2016 Article IV Consultation highlights the adverse impact of lower hydrocarbon prices on the macroeconomic performance of Qatar. Growth has slowed despite still-resilient nonhydrocarbon activity. Real GDP growth of 2.7 percent is estimated for 2016. Inflation remained low despite subsidy cuts, averaging about 2.7 percent in 2016. Growth is expected to slow in the medium term as public investment growth tapers off and hydrocarbon output continues to slow. Further subsidy cuts, a moderate recovery in global commodity prices, and the introduction of a value-added tax are expected to improve the fiscal and external balances gradually over the near to medium term.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund