Qatar economy registers 5.5% surge y-o-y in real terms

Qatar economy registers 5.5% surge y-o-y in real terms:

"A robust expansion in both hydrocarbons and non-hydrocarbons helped Qatar economy register 5.5% surge year-on-year in real terms (inflation-adjusted) during the third quarter (Q3) of this year, according to the Ministry of Development Planning and Statistics (MDPS). The country's gross domestic product or GDP at constant prices (base year 2013) grew 1.9% compared to Q3, 2016 mainly on the back of non-hydrocarbons, particularly construction, manufacturing and financial sectors. Qatar's growth trajectory indicates that the blockade by the siege countries haven't altered the strong fundamentals, which rest on the solid platform, a phenomenon that has been corroborated by world economic think tanks including the Bretton Woods institution, experts said."



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