Qatar’s economy has stabilized in 2023, according to the International Monetary Fund (IMF), after a surge driven by the World Cup. The country’s positive medium-term outlook is attributed to an expansion in liquefied natural gas (LNG) production and ongoing reform efforts.
The IMF noted that disciplined fiscal management during a period of increased revenue from hydrocarbon exports in 2022-23 resulted in significant surpluses and rapid reduction of central government debt. This indicates a favorable economic climate for Qatar as it moves forward, with the potential for sustained growth and continued fiscal responsibility.
In summary, the IMF’s assessment highlights the promising prospects for Qatar’s economic growth and the positive impact of ongoing reform efforts.