Consumption lending in Qatar is likely to see the strongest growth, buoyed by the FIFA World Cup at the end of the year and positive sentiment stemming from high natural gas prices, according to Standard & Poor's (S&P), an international credit rating agency. However, the rating agency expects the overall private sector credit to grow 5% in 2022, less than half the average rate seen over the previous three years. The government construction projects, the main growth spur previously, have mostly been completed, which is shown in banks' first-half performance. Overall credit could reduce slightly if lending to the government continues to decline in the second half, which "we view as likely g
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