The Governor of the Qatar Central Bank, Sheikh Bandar bin Muhammad bin Saud Al Thani, told a press conference in Doha - today, Sunday - that the GDP of Qatar is expected to grow 3.5% in 2022, according to the expectations of international organizations.

Last April, Fitch Ratings expected Qatar's gross domestic product to grow 3.2% in 2022, from 1.6% in 2021, due to an increase in output thanks to the World Cup soccer tournament, which the country is hosting in November. Next November and December, as well as recovery after the Corona pandemic.

During the activities of the ninth edition of the Euromoney Qatar Conference, the Governor of Qatar Central Bank said, "With the rise in global oil and gas prices, international institutions expect higher GDP growth in 2022 in the range of 3.5%."

Qatar Central Governor: Economic activity in Qatar today is stronger than it was in 2020. # Qena https://t.co/xjM6055FXd pic.twitter.com/vl053rCNVs

— Qatar News Agency (@QatarNewsAgency) May 29, 2022

He stressed that "economic activity in Qatar today is much stronger than it was in 2020."

He added, "Inflation levels appear relatively moderate, according to the global rates we are witnessing, noting that the current geopolitical tensions in Europe have not significantly affected inflation levels, as they remained moderate."

And the Governor of the Qatar Central Bank added, "Despite the reduced risks associated with the epidemic (Corona), we must stress the need to closely monitor the risks of supply chain disruptions."

He believed that the prospects are still bright, as "economic activity is recovering, driven by several factors, including the recovery of domestic demand, the growth of private sector credit, and preparations to host the FIFA World Cup Qatar 2022."

The Governor of Qatar Central Bank also said that despite the difficult challenges that the global financial sector has witnessed in recent times, Qatari banks still enjoy a good amount of capitalization, high liquidity and maintaining asset quality, and the profitability of banks has remained stable, while the non-performing loans ratio is still counting. Among the lowest in the region.