Controlling inflation a huge challenge for Qatar
- Qatar: Sunday, February 03 - 2008 at 11:09
Authorities in Qatar are having a difficult time containing inflation. Worse, prospects for bringing inflationary pressures under control look only dim, reported Gulf News. US investment bank Merrill Lynch expects inflation rate in Qatar to reach 14.5 per cent in 2008, up from 14 per cent in 2007. Currently, inflation rate in Qatar is a far cry from the past few years. According to the Economist Intelligence Unit (EIU), the rate averaged 2.6 per cent in 2002-2004. To be sure, Qatari inflation rate is the worst within the Gulf Cooperation Council (GCC). Merrill Lynch expects an inflation rate of 12 per cent in the UAE this year.
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Amena Bakr, Senior Reporter



