Qatar’s Economy to Grow 3% YoY in 2021 with Easing of Gulf Dispute: Standard Chartered

Qatar’s economy is forecast to grow 3% year-on-year (YoY) in 2021, according to Standard Chartered, who revised its previous 2.1% YoY growth estimate, as reported by local media.

The revision follows the easing of the three-year old regional dispute by Saudi Arabia and its Arab allies on the 5th of January 2021. According to Standard Chartered, the end of the Gulf dispute will see the lifting of restrictions on trade and travel on Qatar, which will support the ongoing recovery in trade, tourism and logistics.

In addition, Standard Chartered stated that the lifting of restrictions on Qatar by the United Arab Emirates (UAE) could potentially assist with UAE’s trade recovery, and possibly lead to less trade via Oman’s port and airport. The bank added t...