{
  "title": "Qatar: Selected Issues",
  "publication": "IMF Staff Country Reports, February 24, 2025",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2025/02/24/qatar-selected-issues-562641",
  "canonical": "https://www.imf.org/en/publications/cr/issues/2025/02/24/qatar-selected-issues-562641",
  "overlayPath": "/en/publications/cr/issues/2025/02/24/qatar-selected-issues-562641/index.md",
  "summary": "This Selected Issues paper develops a Financial Conditions Index (FCI) for Qatar and uses the Growth-at-Risk (GaR) framework to examine the impact of financial conditions on Qatar’s non-hydrocarbon growth.",
  "sections": [
    {
      "heading": "Financial Conditions Index (FCI) and Growth-at-Risk (GaR) framework",
      "content": "- The paper develops a Financial Conditions Index (FCI) for Qatar and applies the Growth-at-Risk (GaR) framework to assess impacts on Qatar’s non-hydrocarbon growth.\n- Key finding: The FCI is an important leading indicator of Qatar’s non-hydrocarbon growth, demonstrating predictive potential for future economic performance.\n- GaR framework result: Overall, the current downside risks to Qatar’s baseline non-hydrocarbon growth projections are relatively mild."
    },
    {
      "heading": "Domestic and external drivers of non-hydrocarbon growth",
      "content": "- Domestic conditions:\n  - Offer the strongest signal for non-hydrocarbon real GDP growth performance in the short term.\n- External conditions:\n  - Have significant effects on non-hydrocarbon real GDP growth in both the short and medium term.\n- Primary external influence: Non-hydrocarbon growth is primarily influenced by oil prices.\n- Global financial market uncertainty: Has minimal effects on non-hydrocarbon growth according to the analysis."
    },
    {
      "heading": "Scenario analysis and policy implications",
      "content": "- Alternative scenario tests:\n  - Indicate that future non-hydrocarbon growth could improve following a reduction in the policy deposit rate.\n- Policy implication:\n  - Monetary easing via a lower policy deposit rate may support higher non-hydrocarbon growth outcomes.\n- Risk assessment:\n  - The GaR analysis underscores the relative mildness of current downside risks to baseline non-hydrocarbon growth projections.\n\n---\n\n Content in this bundle\n\n- Qatar: Selected Issues; IMF Country Report No. 25/48; January 8, 2025\n  - Qatar: Selected Issues; IMF Country Report No. 25/48; January 8, 2025 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Qatar: Selected Issues; IMF Country Report No. 25/48; January 8, 2025 (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
  ],
  "bullets": [
    "[Markdown version](/en/publications/cr/issues/2025/02/24/qatar-selected-issues-562641/index.md)",
    "[Structured JSON version](/en/publications/cr/issues/2025/02/24/qatar-selected-issues-562641/index.json)",
    "[Bundle manifest](/en/publications/cr/issues/2025/02/24/qatar-selected-issues-562641/bundle-manifest.json)",
    "Published: February 24, 2025",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9798229001762.002",
    "The paper develops a Financial Conditions Index (FCI) for Qatar and applies the Growth-at-Risk (GaR) framework to assess impacts on Qatar’s non-hydrocarbon growth.",
    "Key finding: The FCI is an important leading indicator of Qatar’s non-hydrocarbon growth, demonstrating predictive potential for future economic performance.",
    "GaR framework result: Overall, the current downside risks to Qatar’s baseline non-hydrocarbon growth projections are relatively mild.",
    "Domestic conditions:",
    "External conditions:",
    "Primary external influence: Non-hydrocarbon growth is primarily influenced by oil prices.",
    "Global financial market uncertainty: Has minimal effects on non-hydrocarbon growth according to the analysis.",
    "Alternative scenario tests:",
    "Policy implication:",
    "Risk assessment:",
    "**Qatar: Selected Issues; IMF Country Report No. 25/48; January 8, 2025**"
  ],
  "related": [
    {
      "title": "Qatar: Selected Issues; IMF Country Report No. 25/48; January 8, 2025",
      "role": "document",
      "sourceUrl": "https://www.imf.org/-/media/files/publications/cr/2025/english/1qatea2025002-print-pdf.pdf",
      "summary": {
        "path": "/-/media/files/publications/cr/2025/english/1qatea2025002-print-pdf.pdf.md",
        "mime": "text/markdown"
      },
      "binary": {
        "path": "/-/media/files/publications/cr/2025/english/1qatea2025002-print-pdf.pdf",
        "mime": "application/pdf"
      }
    }
  ],
  "alternates": {
    "markdown": "/en/publications/cr/issues/2025/02/24/qatar-selected-issues-562641/index.md",
    "json": "/en/publications/cr/issues/2025/02/24/qatar-selected-issues-562641/index.json",
    "bundleManifest": "/en/publications/cr/issues/2025/02/24/qatar-selected-issues-562641/bundle-manifest.json"
  },
  "generatedAtUtc": "2026-09-11T06:07:35.958Z"
}