Qatar's economy to jump 15 per cent in 2027 on gas sector recovery, S&P says
Qatar's economy is projected to rebound by 15 per cent in 2027 on expectations that the Gulf nation can bring more gas supplies online, S&P Global Ratings has said. That would be a sharp swing from a 14 per cent contraction predicted for Qatar's real gross domestic product this year. It is expected to be followed by an average growth rate of 8 per cent over 2028 and 2029, the New York-based…
Qatar's economy is expected to grow by 15% in 2027, according to S&P Global Ratings, following a 14% contraction anticipated this year. This growth is driven by the recovery of gas sector supplies, which have been damaged by Iranian strikes. Gas prices have risen globally due to these disruptions, leading to a 42% drop in government revenue in the first half of the year.
Despite ongoing production issues, S&P expects the North Field expansion to proceed, albeit with some delays, which will boost Qatar's energy sector and support export volumes. The AA sovereign credit rating of Qatar remains stable, supported by its sizeable fiscal and external assets. Inflation is expected to rise to about 4%. S&P has also downgraded Meta Platforms' outlook to negative due to concerns over its cash flow and limited monetization of AI investments.
Written by urgent.news from The National UAE's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- Qatar's economy to jump 15 per cent in 2027 on gas sector recovery, S&P says thenationalnews.com
