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Qatar’s economic growth projected to slow to 4% in 2023: Standard Chartered  Updated 10 sec ago April 18, 2023 15:42 Qatar’s economic growth projected to slow to 4% in 2023: Standard Chartered  Updated 10 sec ago Arab News April 18, 2023 15:42 RIYADH: Qatar’s economy is projected to grow at 4 percent in 2023, down from 4.75 percent recorded last year, according to a report released by Standard Chartered.  Even though this reflects a 0.75 percentage point drop from, the British multinational bank said the forecast is only temporary as the gas-rich Gulf nation should build on the 2022 World Cup to further expand its tourism sector.   The Qatari authorities are planning to boost the sector’s contribution to the gross domestic product to 12 percent by 2030, up from 7 percent currently, the report disclosed.  To achieve this, the authorities are seeking to attract as many as 6 million visitors by 2030, with Qatar hosting up to 14 sporting events this year alone – including a Formula 1 race. The bank stressed that Qatar is also working on raising the capacity at the North Field in an attempt to increase natural gas output to 126 million tons, up from 77 million tons currently.  Investments in gas expansions are expected to back other sectors such as the private sector credit growth, according to Standard
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