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Qatar's economic growth edges up to 5.7 y/ypc in Q2 DUBAI: Qatar's economic growth picked up slightly to 5.7 percent on an annual basis in the second quarter of this year as robust non-oil activity outweighed a decline in the hydrocarbon sector, official data showed on Tuesday.Real gross domestic product growth accelerated from a downwardly revised 5.4 percent in January-March, which was the slowest rate since the third quarter of 2012. Previously, officials had put first-quarter growth at 6.2 percent."The year-on-year growth in the second quarter 2014 is the result of double-digit rises seen mainly in electricity, construction, trading, hospitality and financial sectors, coupled with an over 11.3 percent jump in the country's population in the second quarter," the Qatar Statistics Authority said.Qatar's population has been rising as the country hires more foreign workers to build big infrastructure projects.On a quarter-on-quarter basis, Qatar's economic output dropped 0.2 percent in the second quarter, the first quarterly fall in a year, compared ...

Moody's sees limited easing in Czech 2015 budget draft PRAGUE: The Czech 2015 state budget draft will bring limited fiscal easing that will not bring any danger because the government has room to support growth without threatening the sustainability of public sector finances, rating agency Moody's said on Tuesday.The government has approved a central state budget draft with a deficit planned at 100 billion crowns ($4.59 billion), below this year' plan of 112 billion but above the expected final result of around 80-90 billion.The ...
Portuguese exports to rise to 45pc of GDP in 3 years LONDON: Portuguese exports will rise to almost half of the country's entire economic output over the next few years, the country's deputy central bank governor said on Tuesday.Exports will rise to 45 percent of gross domestic product within three years, beating last year's record 41 percent, Pedro Duarte Neves told an investor conference in London.Speaking before him at the conference, Economy Minister Antonio Pires de Lima welcomed the rise in exports but expressed frustration that ...
Thai August data, index increase concerns about slow growth pace BANGKOK: Thai factory output dropped for a 17th straight month and a central bank index showed consumption slipped in August, the latest signs that the country's economy is still sputtering.The numbers released on Tuesday confirm that the key engines of growth - exports and consumption - are not yet driving it months after the military took power. Economists say this is putting more pressure on the government to jack up spending to try to spur ...
Euro zone inflation slows in Sept, weakens euro vs dollar BRUSSELS: Euro zone inflation slowed further in September on falling prices of unprocessed food and energy, a first estimate showed on Tuesday, sending the euro lower against the dollar on expectations of further European Central Bank policy easing.Eurostat said consumer prices in the 18 countries sharing the euro rose 0.3 percent year-on-year, slowing from 0.4 percent year-on-year increases in August and July. The September was in line with market expectations, according to polling data.The ECB ...
Kuwait starting to cut subsidies, IMF report says DUBAI: Kuwait's government has started reducing some state subsidy payments and is an advanced stage of preparing a plan to cut subsidies for kerosene and electricity, the International Monetary Fund said.Subsidy cuts are an important economic reform for Kuwait because lavish subsidies, mostly on energy, swallow about 5.1 billion dinars ($17.7 billion) annually, or roughly a quarter of the government's projected spending this fiscal year, according to government figures.Despite Kuwait's vast oil wealth, such spending ...
Portugal ups 2014 deficit estimate to 4.8pc/GDP from 4pc LISBON: Portugal will exceed its 4 percent of GDP budget deficit target for this year with the gap likely to reach 4.8 percent, the National Statistics Institute (INE) said on Tuesday in a report that is likely to disappoint the country's bailout creditors.The institute cited financing of public companies that are now included in the deficit calculation under new European accounting rules, as well as other new accounting rules, behind the change in the estimate.Portugal ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklySeptember 25, 2014
Reserves $13.305 bln