Qatar central bank governor expects GDP growth of 3.5% in 2022

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May 29, 2022 3:23 AM EDT

FILE PHOTO: Qatar Central Bank logo is seen on a smartphone in front of displayed same logo in this illustration taken, December 1, 2021. REUTERS/Dado Ruvic/Illustration

DOHA (Reuters) -Qatar's gross domestic product (GDP) should grow 3.5% in 2022, Central Bank Governor Sheikh Bandar bin Mohammed bin Saoud Al-Thani told a conference on Sunday in Doha.

Al-Thani was citing forecasts from international organisations.

The energy-rich Gulf emirate plans to start licensing financial technology companies soon, he added.

Fitch Ratings in April forecast Qatar's GDP would grow 3.2% in 2022, from 1.6% in 2021, reflecting increased output from the soccer World Cup that the country is hosting in November and December and the post-pandemic recovery.

(Reporting by Andrew Milles and Maher ChmaytelliEditing by Mark Potter)


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