Qatar's current account to keep surplus
A recent country report by the International Monetary Fund (IMF) forecasts the surge in hydrocarbons earnings is expected to keep Qatar's current account comfortably in surplus over 20 per cent of gross domestic product (GDP), leading to a further accumulation of net foreign assets.
According to the report, the Qatari GDP is set to record an average 11% real growth rate and an average 30% nominal growth rate in 2005. a recent country report by the International Monetary Fund (IMF) forecasts the rate of inflation in the State of Qatar to reach 7.5% next year. The inflation is expected to ease slightly to around 7.5% in 2007.
- Oil exports keep current account surplus elevated at 42% of GDP…Kuwait added KD 10 billion to its foreign asset holdings in 2007
- Japan's Current Account Surplus Shrinks as Exports Tumble
- Japan's Annual Current Account Shrank 48.8% on Export Weakness
- Global expect that Qatar would continue to record strong trade surplus in 2005