Qatar Expects Inflation at 3% to 3.5%, Emir’s Adviser Says
February 09, 2012, 10:29 AM ESTBy Robert Tuttle
(Updates with budget in third and fourth paragraphs.)
Feb. 9 (Bloomberg) -- Qatar expects inflation to range between 3 percent and 3.5 percent this year, said Ibrahim Ibrahim, an economic adviser to the emir.
“Inflation is not going to be a problem for the next five or six years because we have witnessed it, we experienced it, we know how to deal with it,” Ibrahim told reporters today in Doha, the capital.
The country, which plans to invest in roads, stadiums and a new city before hosting the 2022 soccer World Cup, will increase spending in the fiscal year starting April 1, Ibrahim said. The government’s strategy is based on “big spending, especially on infrastructure,” he said.
--Editors: Maher Chmaytelli, Ben Holland, Karl Maier.
To contact the reporter on this story: Robert Tuttle in Doha at rtuttle@bloomberg.net
To contact the editor responsible for this story: Maher Chmaytelli at mchmaytelli@bloomberg.net
