Qatar

S&P Global Ratings expects Qatar's GDP will rebound to about 2% growth in 2021, supported by higher capital spending and a pick-up in economic activity in the nonhydrocarbon sector. Over the medium term through 2024, the country's growth momentum will weaken as restrained public capital spending dampens economic activity, particularly in construction. In our view, the end of the three-year boycott of Qatar by four Arab countries will gradually improve political and economic cooperation, but the damage to the Gulf Cooperation Council's (GCC's) political cohesion, both real and perceived, is likely to remain. The government's strong fiscal and external net asset positions will remain a core rating strength. Supported by higher hydrocarbon prices, Qatar's current account will return to a

...Institutional and economic profile Flexibility and performance profile S&P Global Ratings expects Qatar's GDP will rebound to about 2% growth in 2021, supported by higher capital spending and a pick-up in economic activity in the nonhydrocarbon sector. + Over the medium term through 2024, the country's growth momentum will weaken as restrained public capital spending dampens economic activity, particularly in construction. + In our view, the end of the three-year boycott of Qatar by four Arab countries will gradually improve political and economic cooperation, but the damage to the Gulf Cooperation Council's (GCC's) political cohesion, both real and perceived, is likely to remain. The government's strong fiscal and external net asset positions will remain a core rating strength. + Supported by higher hydrocarbon prices, Qatar's current account will return to a surplus from 2021, averaging about 3% of GDP in 2021-2024. + The general government balance will continue to generate surpluses...

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