Qatar Economy Witnesses Strong Rebound in 3Q 2020 Supported by Government Efforts: Qatar Financial Centre

According to a senior official at the Qatar Financial Centre (QFC), Qatar has seen an unmatched economic recovery in the third quarter of 2020, allowing it to outperform its regional peers.

Managing Director of Business Development at the QFC, Sheikha Alanoud bint Hamad al-Thani, noted that the latest Purchasing Managers’ Index indicated sustained improvement in business conditions in the non-energy private sector. Output and new businesses continued to register growth whilst firms saw operations going back to normalcy following the lock-down and upon the re-opening of industrial areas.

The QAR 75 billion COVID-19 stimulus package announced for the private sector at the on-se...