QATAR

IMF Warns Qatar Of Budget Deficit

Qatar could face a budget deficit from 2016 due to the risk of lower than expected oil prices, the IMF warns.

Qatar’s short-term growth outlook is positive, but lower oil prices will lead to the deterioration in the fiscal and external balance, potentially impacting its massive spending program ahead of the 2022 FIFA World Cup.

The IMF says that Qatar’s economy has so far maintained robust growth momentum, despite the large drop in oil...