Qatar’s gdp to recover in 2017-18 _ azad news

Qatar’s Ministry of Development Planning and Statistics (MDPS) released GDP data for Q3 2016 last week. Pokemon y database Real GDP growth accelerated from 1.8% in Q2 to 3.7% in Q3 owing to a recovery in the hydrocarbon sector. Data recovery icon As a result, growth in the first three quarters of 2016 averaged 2.3% versus the same period a year earlier. Fda 510 k database We expect growth to pick up going forward driven by the non-hydrocarbon sector as a result of a fading drag from manufacturing, rising government capital spending and high population growth.

The hydrocarbon sector recovered from a contraction of 2.0% year-on-year in the first half of 2016 to grow by 2.7% year-on-year in Q3 2016. Google hacking database Data shows that crude oil production, which accounts for around one third of the hydrocarbon sector, moved in the opposite direction, rising in the first half and falling in Q3 year-on-year. Database concepts 6th edition pdf Natural gas and related liquids outweigh crude oil, accounting for two thirds of the hydrocarbon sector. Data recovery utility We can, therefore, infer that the main driver of hydrocarbon GDP has been a dip in natural gas production in the first half of 2016 followed by a recovery in Q3. Data recovery from hard drive This is likely a result of routine maintenance carried out on some of Qatar’s liquefied natural gas trains during the first half of the year, with production on these trains since recovering to capacity in Q3.

Growth in the non-hydrocarbon sector slowed to 4.7% year-on-year in Q3 2016 from 5.6% in the first half of 2016. Database objects The main drag on growth was the manufacturing sector, which contracted by 1.3% year-on-year. Data recovery raid 5 Going back to 2014, the drop in oil prices in the middle of that year led to the cancellation of a number of petrochemical projects, which were the main contributor to manufacturing growth. Database architect As a result of the drop in investment into petrochemicals, the performance of the manufacturing sector has been in decline since 2014. Data recovery options However, a number of other non-hydrocarbon sectors maintained relatively high growth rates in Q3 2016. Database jobs The construction sector was the main driver, growing at 12.4% year-on-year in Q3 and contributing 1.9 percentage points (pps) to non-hydrocarbon GDP growth. H2 database file A number of services sectors also performed well, such as financial services, which contributed 0.9 pps to year-on-year non-hydrocarbon GDP growth, government services (0.7 pps) and real estate services (0.5 pps).

We expect real GDP growth to recover in 2017-18 with the non-hydrocarbon sector continuing to be the main driver of growth for a number of reasons. R studio data recovery serial key First, the slowdown in the non-hydrocarbon sector is partly attributable to a drag from manufacturing, which we expect to fade.

Second, government investment is expected to continue to drive growth. Database query languages The government budget announced in December slated a 3.2% increase in capital spending for 2017 and the Ministry of Finance has signalled its intention to sign QAR46bn of multi-year contracts in 2017, adding to a stock of QAR374bn in ongoing total project budgets in Qatar (see our recent commentary, Qatar’s fiscal deficit set to decline in 2017).