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Gas-rich Qatar expects to shrug off the global financial crisis and post healthy economic growth of up to 9% this year, according to the country’s central bank governor.

Speaking to Zawya Dow Jones on the sidelines of a banking conference in Bahrain Sheikh Abdullah Saud Al-Thani said the country’s growth will be “between 7% to 9%” this year.

Al Thani also said that expected no further calls on the government to inject funds into the market and financial companies in Qatar this year.

The Qatari government proposed on March 8 to buy parts or all of the Doha Stock Market equity investment portfolios of eight local banks as the global financial crisis touches the energy-rich Gulf region.

The governor later told reporters that Qatari banks in the first quarter have seen an “increase in assets, credit and deposits.”

He also expects inflation will “come down to normal. We expect single digit for this year.”


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