Qatar’s economic growth projected to slow to 4% in 2023: Standard Chartered 

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Tue, 2023-04-18 15:42

RIYADH: Qatar’s economy is projected to grow at 4 percent in 2023, down from 4.75 percent recorded last year, according to a report released by Standard Chartered. 

Even though this reflects a 0.75 percentage point drop from, the British multinational bank said the forecast is only temporary as the gas-rich Gulf nation should build on the 2022 World Cup to further expand its tourism sector.  

The Qatari authorities are planning to boost the sector’s contribution to the gross domestic product to 12 percent by 2030, up from 7 percent currently, the report disclosed. 

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