Qatar to Witness 2.7% Growth in Gross Domestic Product in 2021: The International Monetary Fund

The International Monetary Fund (IMF) has projected Qatar’s economy to grow by 2.7% year-on-year in 2021, a gradual recovery supported by a rebound in the country’s domestic market as well as an upturn in the domestic gas industry, with higher gas production anticipated.

According to IMF Advisor, Mercedes Vera-Martin, swift implementation of COVID-19 prevention and containment measures allowed Qatar to limit the impact of the pandemic, with the country resuming all economic activity in September 2020.

The IMF noted that upside potential pertaining to Qatar’s 2021 GDP growth can materialise, following a successful resolution of the Qatar-GCC detente and a stronger-than-anticipated rebound in global economic growth, post-pandemic.

However, ri...