Qatar's private sector credit demand will remain healthy over 2019 as economic activity inches up, Fitch Solutions said and noted private sector loans have seen double-digit expansion throughout the past 10 months.
Most GCC states are able to “lean on their large foreign assets to support currency pegs and temper speculative pressures” on government debt securities, Fitch Solutions has said in a report.
Public spending on IT projects in line with the ICT-2015 strategy as well as large-scale infrastructure projects ahead of the FIFA World Cup in 2022 will continue to drive Qatar’s IT product and services spending, according to Fitch Solutions.
Qatar is the “most attractive” consumer electronics market in Middle East and Africa (MEA) and tops the Industry Risk/Reward Index for the region set by Fitch Solutions with a score of 6 3.6 points.
Buoyed by “healthy” economic growth and “continued” fiscal support for infrastructure from the government, Qatar will remain an “outperformer”, both regionally and globally, Fitch Solutions has said in a report.
Vehicle sales in Qatar are set to register the “strongest” growth of 5.1% in the entire Gulf Co-operation Council region in 2019, Fitch Solutions has said in a report.
Fiscal consolidation looks set to slow across the Gulf Cooperation Council (GCC) in 2019 as governments focus increasingly on growth-supportive policies, despite oil prices levelling off, Fitch Solutions has said in a report.
Qatar offers e-commerce market worth almost $1.5bn in 2019, Fitch Solutions has said in a report.
The Qatar Central Bank (QCB) may seek to increase interest rates to "defend the peg", amidst the backdrop of the US Federal Reserves (Fed) monetary tightening, according to Fitch Solutions.
Stable loan-to-deposit ratios; rising capital adequacy and still-low levels of non-performing loans indicate that risks to Qatar’s banking sector remain low, according to Fitch Solutions.