Posted on December 28, 2018

Qatar has been ranked first in the world index of countries that have achieved record economic growth in 20 years, and maintained its global and regional economic superiority despite the continued siege measures.

Doha achieved an average rate of 10.5% compound annual growth, while China ranked second with an economic growth rate of 9.1%, and Ethiopia ranked third with a growth rate of 8%. Qatar's economy has been able to overcome the siege imposed since mid of 2017, with economic growth surpassing the expected, and bank reserves grew by 5% in the first three quarters of this year. International reserves and foreign currency liquidity, which fell by 20% in the first months following the siege, have returned to normal levels, reaching $ 46.5 billion at the end of the third quarter of this year.

Source : Al Raya Newspaper

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