Qatar: Against all odds
Florence Eid-Oakden, Ph.D, Chief Economist
Charlene Rahall, Analyst
- One year on, the boycott of Qatar by a group of regional states has not had the detrimental impact on the economy that most envisaged. A drop in non-resident liabilities to banks has reduced the need for further support from the Qatar Central Bank.
- Qatar’s recent investment support for Turkey, however, could deepen the GCC rift given the unfolding row between Saudi-backing Washington and Ankara.
- Ongoing uncertainty over the GCC’s future is likely to persist. Regional tensions are expected to remain elevated for the foreseeable future.
The Country Views series shines the spotlight on specific developments in MENA countries, analysing them from a local perspective to deliver forward looking views for businesses and investors.
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