Qatar\'s private sector grew almost 6 percent in 2018 despite oil price volatility

Qatar's private sector grew almost 6 percent in 2018 despite oil price volatility

Reuters  |  DOHA 

(Reuters) - Qatar's private sector grew by almost 6 percent in 2018 despite volatile oil prices, its minister said on Saturday.

Last year the economy saw outflows, but 2018 was a good year with most of the growth coming from the private sector, told the Forum on Saturday.

Qatar's public sector institutions, including its sovereign wealth fund, had injected more $40 billion into Qatari banks during the the initial months of its rift with and its allies to help the sector mitigate the impact of fund outflows.

(Reporting by Eric Knecht; Writing by Saeed Azhar; editing by Louise Heavens)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, December 15 2018. 15:22 IST