Doha-Mubasher: “The International Monetary Fund (IMF) revised its forecasts downward for most of Qatar’s macroeconomic KPIs”, according to a report released by MubasherTrade Research.

The research company upgraded Qatar’s macro rating from “2-stars” to “3-stars”.

The report showed that the country’s ample surpluses and overall stable economic environment support the rating, affected by lower inflationary pressures.

Real GDP growth rate declined from 7.7% to 7.1% in 2015, the report highlighted, adding that the growth rate is still high enough to rank high with regards to the research company’s criterion for this KPI.

Nonetheless, the growth rate forecast is estimated to drop to 4.1% by 2019, compared to an earlier 5.3%.

Regarding the monetary sector, inflation rates dropped to 1.8% in 2015 to reach 2.3% by 2020.

On the external sector side, the IMF estimated the current account surplus at 8.4% in 2015 to reach 3.8% by 2020. This reflects, according to the IMF.