Looking at very early trends for 2013, new vehicle sales were reportedly up by 10%, at 14,283 units, over the first two months of the year. Against this positive backdrop, this quarter BMI maintains its forecast for 17% rise in new vehicle sales in Qatar for 2013. This should take the overall market to nearly 100,000 units, with risks to our forecast still weighted towards the upside. For 2013, our Country Risk team is forecasting GDP growth of 5% for 2013, falling slightly to 4.8% in 2014. Encouragingly for the longer-term development of the Qatari economy, we believe that growth …
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