Key View

• At Fitch Solutions we have revised our forecast for Qatar's 2022 economic growth from 4.1% to 3.9%.
• We now foresee a smaller-than-expected contribution of private consumption, as the structural damages brought by the pandemic and the associated mobility limitations, and elevated inflation will slightly curb the economic rebound.
• Tha

Key View

• QatarEnergy (QE) continues to expand its international footprint through overseas farm-ins, reflecting a growing desire to diversify its portfolio and become a global oil and gas player.
• We expect the Sub-Saharan Africa (SSA) region will remain a key target for QE’s international growth strategy, owing to the availability of

Key View

• In 2022, we forecast consumer spending growth in Qatar to decelerate to 5.7%, down from estimated growth of 6.0% in 2021. We note that this deceleration is chiefly driven by favourable base effects wearing off, as well as the likely introduction of a 5.0% value added tax in 2022.
• That being said, continued growth in real household

Key View

• At Fitch Solutions, we have revised our 2021 current account forecast for Qatar from a surplus of 3.3% of GDP to a surplus of 4.1% of GDP, due to a surge in energy prices.
• In 2022, we forecast the current account surplus will stabilise at 4.0% of GDP. While a steady vaccine rollout and preparations for the FIFA World Cup will boost

Key View

• At Fitch Solutions, we forecast Qatar's real GDP will grow by 3.6% in 2021, after contracting by 3.6% 2020, as the reopening of the economy will lead to a steady rebound in private consumption and fixed capital formation.

• While slower-than-expected growth in Q221 prompted us to adjust our 2021 real GDP growth forecast slightly

Key View

• We forecast consumer spending growth in Qatar to begin to recover over 2021, growing by 5.5%. This follows an estimated contraction of 8.4% in 2020 due to the impact of the Covid-19 pandemic on the country’s economy.
• We believe that the consumer recovery will spill into 2022 as we project total household spending (in real terms) to

Key View

• State-owned Qatar Petroleum (QP) plans to spend USD82.5bn in capital expenditure between 2021-2025, with a large focus on expansionary projects at Qatar’s existing oil and gas assets.
• Aside from pursuing its strategic access to European markets, QP lists India, Pakistan and Bangladesh as target markets to sell LNG to, which we expect

Key View

• At Fitch Solutions we expect that Qatar will post a current account surplus of 3.3% of GDP on the back of strong hydrocarbon gains.
• In 2022, a strong surge in tourists attending the FIFA World Cup will widen Qatar's current account surplus to 4.1% of GDP, above the pre-pandemic five year average of 3.6%.
• We see limited risks to