‘Qatar economy weathering year-old blockade’

‘Qatar economy weathering year-old blockade’:

"Qatar’s economy has managed to weather the diplomatic and trade boycott by four Arab nations thanks to a solid financial buffer and sound macroeconomic policies, the International Monetary Fund has said.
“Growth performance remains resilient,” the IMF said in a May 30 report, nearly a full year after the sanctions went into effect. “The direct economic and financial impact of the diplomatic rift between Qatar and some countries in the region has been manageable.”
On June 5 last year, Saudi Arabia, the UAE, Bahrain and Egypt severed diplomatic and transport links with Qatar. Mediation efforts by Kuwait and others have failed to resolve the dispute."



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