Gulf Times: Qatar economy surges 28% in the first quarter
Good news for Qatar — business is booming!
The Gulf Times reports:
Qatar’s economy (nominal) grew by a robust 28.4% year-on-year in the first quarter (Q1) of this year mainly due to a double-digit growth in seven of the 13 sectors, indicating the fruition of the country’s diversification strategy.
On a quarter-to-quarter analysis, the Qatar Statistics Authority (QSA) found that the mining, manufacturing, construction and finance sectors have been consistently rising since the third quarter of 2010; an indicator of the robustness and value addition in the world’s fastest growing economy.
In short, more than half the country’s industries saw substantive growth, and only one sector – construction – saw decline.
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