Qatar: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Qatar
April 10, 2017
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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.
Subject: Expenditure, Government debt management, Oil prices, Prices, Public debt, Public financial management (PFM), Public investment spending
Keywords: authority, banking system liquidity, CR, East Africa, exhaustible hydrocarbon wealth, Global, Government debt management, hydrocarbon price, IMF staff estimate, ISCR, Middle East, North Africa, Oil prices, Public investment spending, Qatari authorities
Pages:
57
Volume:
2017
DOI:
Issue:
088
Series:
Country Report No. 2017/088
Stock No:
1QATEA2017001
ISBN:
9781475593518
ISSN:
1934-7685
