Qatari banks seeking to build their home loan portfolios have faced a challenging environment in recent years. According to the IMF, Qatar’s real estate price index fell by 11% in 2017, reversing a positive trend that had seen a 53% cumulative increase between 2013 and 2016. The market continued to decline in 2018, with the transacted value of...
Over the course of 2018 Qatar’s banking industry has demonstrated its resilience in the face of the economic blockade placed upon the country by a number of governments. Credit ratings agencies Moody’s and Fitch both upgraded Qatar’s sovereign credit ratings outlook to stable in the summer of 2018, recognising the improving macroeconomic...
How do you view the role of the government versus that of the private sector in driving growth?
Rising oil prices and effective policy-making have played a significant role in returning Qatar to the healthy trade surplus it enjoyed prior to 2017, when political events caused substantial disruption to import and export activity. A swift response by a range of government ministries has secured new routes to global markets. In March 2018...
Offsetting fluctuations in hydrocarbons output and prices, the non-energy sector accelerated in 2018, growing by 6% in the first half of the year, according to an IMF report released in November 2018. Real GDP growth of 2.4% was projected for 2018, up from the 1.6% growth of 2017. This expansion is set to gather momentum again in 2019, with...
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