Wednesday 24 January 2018

Qatar Economy Can Survive `Forever' Under Embargo, Minister Says - Bloomberg

Qatar Economy Can Survive `Forever' Under Embargo, Minister Says - Bloomberg:

"Qatar’s economy performed better than expected last year and required “minimal” government support to blunt the effects of a trade and diplomatic embargo by Saudi Arabia and three other Arab countries, a minister said. There are no signs of a resolution to the crisis, Sheikh Ahmed Bin Jassim Bin Mohammed Al Thani, Qatar’s minister of economy and commerce, told Bloomberg TV in an interview in Davos. Government support for the economy was needed only in the first few weeks, focusing mostly on logistics to reroute imports, he said. “We opened new routes, we opened new markets, and we are trading with the whole world. The world is not only these four countries,” Sheikh Ahmed said. “From an economic point of view we can live forever without those countries.”"



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