Qatar's economy tipped to grow 9% this year

Qatar’s economy will grow by as much as nine percent this year and inflation will slow to “single-digit” figures, according to the governor of the country’s central bank.

The Gulf nation’s economy has been largely unaffected by the global crisis and falling oil price as it is based on 25 year contracts for liquefied natural gas (LNG), of which it is the largest exporter in the world. 

Attending a GCC banking conference in Bahrain on Tuesday the country’s central bank governor Abdullah Bin Saud Al Thani said: “Our expectation for our GDP growth is from seven to nine percent.”