Qatar’s Economy to Rebound by 2.9% in 2021 with Rising Domestic and Foreign Demand: FocusEconomics

Qatar’s economy is anticipated to rebound in both domestic and foreign demand according to FocusEconomics, a global provider of economic analysis and forecasts. Researchers at FocusEconomics forecast a 2.9% increase in Qatar’s gross domestic product (GDP) in 2021 and a 3.6% increase in 2022, as reported by media sources.

In the third quarter of 2020, Qatar’s economy was seen to have recovered, with the non-energy private sector Purchasing Managers' Index reported to be significantly higher compared to the second quarter of 2020 (2Q 2020), as restrictions on activities were gradually lifted. According to FocusEconomics, Qatar’s economy contracted by 6.1% in 2Q 2020 following a collapse in the non...