Qatar Economy Obtains Highest Credit Ratings

Published January 26th, 2021 - 08:30 GMT
Qatar Economy Obtains Highest Credit Ratings
The International Monetary Fund (IMF) expected Qatar’s GDP to grow 2.7 percent in 2021 with the help of growing natural gas production and a rebound in domestic demand, as well as the economy’s ability to quickly recover from the consequences of the Covid-19 pandemic. (Shutterstock)
The Qatari economy has shown great resilience and efficiency during crises such as the COVID-19 pandemic and the significant decline of oil prices, according to the latest report issued by Qatar Chamber.

The report, prepared by QC’s Research and Studies Department, said international indicators have unanimously agreed that the Qatari economy has obtained the highest credit ratings worldwide.

In this context, the International Monetary Fund (IMF) expected Qatar’s GDP to grow 2.7 percent in 2021 with the help of growing natural gas production and a rebound in domestic demand, as well as the economy’s ability to quickly recover from the consequences of the Covid-19 pandemic.

The IMF also praised the state’s swift response in implementing containment measures which helped limit the economic and social impact of the Covid-19 pandemic.


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