Analysis by Region - Emerging Markets

Analysis by Region - Emerging Markets

We still expect Qatar's overall GDP to grow by 2.6% this year and next. Non-oil activity is continuing to rise according to the PMI survey, ending Q2 strongly at 53.8 in June. Robust demand has been a key driver of the recovery in output and employment and has kept businesses optimistic, particularly in the manufacturing and services sectors. We expect non-oil GDP growth to soften somewhat, slowing from 3.3% this year to 3.2% in 2024.