Pickup in Qatar private consumption, public spend and exports blunt blockade: IIF:
"A pickup in private consumption, public spending, and exports has helped Qatar fast dissipate shocks from the economic blockade, according to Washington-based Institute of International Finance (IIF).
Qatar's economy has remained resilient to the blockade, which, however, has had a silver lining, motivating deeper trade and diplomatic ties with several partners beyond their immediate geographical neighbourhood, which could pay long-term dividends, the IIF said in a report.
Although the blockade visibly crimped non-hydrocarbons in the middle of 2017, particularly in sectors such as trade, tourism, and real estate where foreign participants had played a leading role, the shock has largely dissipated, and manufacturing remained strong throughout."
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