We've cut our 2025 GDP growth forecast for Qatar by 0.6ppts to 2.1% because we think the recovery in the energy sector will be markedly slower. We remain confident the non-energy sectors will remain the main driver of growth next year and project 2.7% expansion. Recent surveys show demand momentum is supportive of business activity as 2024 draws to a close.
Qatar: Budget for 2025 prioritises non-energy sector development