QATAR WATCH: Qatar is expected to record a net asset position of about 54% of GDP in fiscal 09-2010. (Getty Images)

Qatar's inflation is expected to ease to about eight percent in 2009-2010 in view of the steadily falling global commodity prices, according to a recent survey.

The strengthening of the US dollar and the completion of Qatar's new property projects are among other contributing factors to the drop, according to the fourth GCC credit survey released by Standard & Poors on Friday.

The Peninsula newspaper reports that the international credit ratings agency forecast that  Qatar's fiscal and external performances would remain strong, although 2009 should see lower surpluses than in previous years owing to declining energy prices.

The survey projected a healthy general government surplus of about 2.3 percent of GDP in fiscal year 2009-2010 (ending Mar 31, 2010), the daily added.

With very low debt and large estimated assets in the various government funds, Qatar is expected to record a net asset position of about 54 percent of GDP in fiscal 2009-2010, it estimated, the daily added.

Also read: Qatar – watch this place

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