The five-week government shutdown subtracted $11bn from the US economy, about twice the amount President Donald Trump sought to fund a border wall, an independent congressional body said on Monday.
Qatar’s sovereign assets totalling more than 100% of GDP are expected to remain “solid” until 2021, premier rating agency S&P Global said Monday.
Travel and tourism investment in Qatar may exceed QR14.5bn, or 4.2% of total investments in the country, in 2028, the report said.
Economic prospects for Qatar remain positive, with growth expected to reach 2.8% in 2018, while LNG production will rise to 100mn tonnes per year by 2023.
However, the government will continue to cover its budget shortfalls through debt issuance, but faces little risk of any credit event, BMI said in a report.
Qatar’s growth is set to rise on higher oil prices, eased fiscal constraints and investments in LNG production, QNB has said in its latest ‘Qatar Economic Insight’.
HE Dr. Mohamed bin Saleh al-Sada said that Doha had seen unprecedented interest from oil majors as Qatar seeks to expand its gas capacity to 100 million tonnes a year.
Qatar’s ratings are supported by the country’s substantial economic wealth, Capital Intelligence says, adding the country is the world’s third largest producer of natural gas.
Qatar’s strategy to diversify its economy away from hydrocarbons was commended during a recently-held forum where the country’s energy minister said non-hydrocarbon contribution to GDP has climbed to 60%.
France will meet the EU deficit limit of 3.0 percent of GDP in 2017, the prime minister insisted Thursday, after the public accounts watchdog said it would miss the mark unless it took urgent action.