Growth forecasts for the Gulf state of Qatar were chopped in a quarterly Reuters...
DUBAI - Growth forecasts for the Gulf state of Qatar were chopped in a quarterly Reuters poll on Wednesday after the government this month published the first quarterly contraction of its economy in years.
Government data this month showed Qatar’s economy contracted 1.4% in the second quarter from a year earlier, hurt by a drop in the manufacturing and construction sectors. In its World Economic Outlook report this month the International Monetary Fund said it expected Qatar’s real GDP to grow 2.0% this year, below an earlier 2.6% growth estimate.
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