The World Bank expects the Qatari economy to grow by 3.3% in 2023

The World Bank expects the Qatari economy to grow by 3.3% this year, to be among the best growth rates in the Middle East and North Africa region, and it expects per capita income to grow by 2.2%.

And the bank – in a report on the economic prospects for the Middle East and North Africa region, April 2023 – considered these indicators among the highest expected rates for countries in the region for this year.

The report, some parts of which were published by the Qatar Central Bank through its official account on Twitter today, Monday, expected that public finances would achieve a surplus of about 6.5% of GDP, and that the current account surplus would reach 15.9% of GDP.

The report pointed to its expectations that the economies of the Middle East and North Africa will grow at a slower pace in 2023, as food price inflation of more than 10% adds pressure on the poorest families, indicating that the impact of food insecurity can extend to future generations.

He also mentioned that the rate of inflation in the region increased significantly in 2022, especially in countries that witnessed a depreciation of their currencies.

The report found that the average year-on-year food price inflation in 16 countries in the Middle East and North Africa region between March and December 2022 was 29%, which is higher than the headline inflation rate, which rose on average to 19.4% on an annual basis during that period. Period.

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