{"id":3924,"date":"2019-08-01T07:34:40","date_gmt":"2019-08-01T07:34:40","guid":{"rendered":"http:\/\/euromenaenergy.com\/?p=3924"},"modified":"2019-08-01T07:34:40","modified_gmt":"2019-08-01T07:34:40","slug":"qatars-fiscal-balance-gdp-set-to-rise-to-4-6-in-2023-focuseconomics","status":"publish","type":"post","link":"https:\/\/emimer.com\/?p=3924","title":{"rendered":"Qatar\u2019s fiscal balance\/GDP set to rise to 4.6% in 2023: FocusEconomics"},"content":{"rendered":"<div>Qatar\u2019s fiscal balance as a percentage of GDP is set to rise to 4.6% in 2023 from an estimated 1.3% this year, FocusEconomics said.<\/div>\n<div>The current account balance (as a percentage of the country\u2019s GDP) will be 6.6% in 2023 compared with 6.7% in 2019.<br \/>\nQatar\u2019s merchandise trade balance, FocusEconomics said in its latest economic update, will be $55.1bn in 2023. This year, it will account for $46.7bn.<br \/>\nQatar\u2019s gross domestic product is expected to reach $239bn by 2023, it said. By the year-end, Qatar\u2019s GDP may total $196bn.<br \/>\nQatar\u2019s economic growth in terms of nominal GDP will reach 5.2% in 2023 from 2.3% by the year-end.<br \/>\nThe researcher said Qatar\u2019s public debt will fall gradually until 2023, and is estimated to be 51.7% this year, 48.4% (in 2020), 45.3% (in 2021), 42.7% (in 2022) and 40% (in 2023).<br \/>\nInternational reserves may exceed $43bn in 2023, from the current $37.7bn; FocusEconomics estimated and noted it will cover 12.1 months of country\u2019s imports.<br \/>\nThe country\u2019s inflation, the report noted, will be 2.1% in 2023 and 0.1% this year.<br \/>\nQatar\u2019s unemployment rate (as a percentage of active population) will remain a meagre 0.2% in 2023, unchanged from this year.<br \/>\nAccording to FocusEconomics, the economy posted a \u201cmodest acceleration\u201d to 0.9% year-on-year growth in the first quarter (Q1) after a \u201cweak\u201d 0.5% out-turn in Q4 last year.<br \/>\nQ1\u2019s expansion was driven by the mining and quarrying sector\u2019s return to growth for the first time since Q4, 2017.<br \/>\nMeanwhile, the manufacturing sector also posted a \u201csolid\u201d turnaround.<br \/>\n\u201cThe economy should gather momentum this year, driven mainly by a recovery in the energy sector and stronger government consumption growth.<br \/>\n&#8220;Consumer prices fell 0.4% in annual terms in June (May -0.7% year-on-year). Going forward, inflation should return later this year on stronger economic activity and a supportive base effect, but remain anaemic nonetheless.&#8221;<br \/>\nFocusEconomics panellists expect inflation to average 0.1% in 2019, which is down 0.5 percentage points from last month\u2019s forecast, and 2.3% in 2020.<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Qatar\u2019s fiscal balance as a percentage of GDP is set to rise to 4.6% in 2023 from an estimated 1.3% this year, FocusEconomics said. The current account balance (as a percentage of&#8230;<\/p>\n","protected":false},"author":1,"featured_media":3931,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17,24],"tags":[46,48,57,68,76,77,82,86,87,90,96,99,103,107,109,111,113,137,139,146,148,160,174,183,184,201,202,209,222,230,232,233,244,246,249,256,262,263,267,277,279,280,285,288],"class_list":["post-3924","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-qatar","tag-aramco","tag-athens","tag-baroudi","tag-carbon","tag-climate","tag-climate-change","tag-co2","tag-cyprus","tag-decarbonising","tag-democracy","tag-doha","tag-eastmed","tag-egypt","tag-embargo","tag-emissions","tag-energy","tag-energy-peace","tag-gas","tag-gazprom","tag-greece","tag-greenenergy","tag-international-maritime-disputes","tag-lebanon","tag-maritime-boundaries-east-mediterranean","tag-maritime-disputes","tag-offshore","tag-oil","tag-opec","tag-pollution","tag-poverty-alleviation","tag-putin","tag-qatar","tag-rosneft","tag-roudi","tag-russia","tag-saudi","tag-solar","tag-solar-power","tag-straddling-hydrocarbons-reserves","tag-total","tag-trump","tag-turkey","tag-unclos","tag-usa"],"_links":{"self":[{"href":"https:\/\/emimer.com\/index.php?rest_route=\/wp\/v2\/posts\/3924","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/emimer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/emimer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/emimer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/emimer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3924"}],"version-history":[{"count":0,"href":"https:\/\/emimer.com\/index.php?rest_route=\/wp\/v2\/posts\/3924\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/emimer.com\/index.php?rest_route=\/wp\/v2\/media\/3931"}],"wp:attachment":[{"href":"https:\/\/emimer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3924"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/emimer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3924"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/emimer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3924"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}