Qatar’s economic growth stabilizes after FIFA World Cup boom: IMF 

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Wed, 2023-11-22 12:19

RIYADH: The economic growth of Qatar has normalized after the country’s strong fiscal performance in 2022, driven by the FIFA World Cup, according to the International Monetary Fund. 

In its consultation report released on Nov. 21, the IMF disclosed that Qatar’s economic outlook in the medium term seems favorable, with output expected to expand by about 1.75 percent per annum during 2023–25. 

It further revealed that the medium-term expansion would be fueled by the nonhydrocarbon sector, which is expected to grow at 2.75 percent, driven by domestic demand. 

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