Doha Bank expected the Qatari economy to recover by 2.5 percent during the next 2021, indicating that the State of Qatar and the other economies of the region have witnessed many economic reforms to recover from both the effects of Covid-19 and the drop in oil prices this year.
It also revealed that the Qatar Central Bank has taken a series of measures to limit the spread of the Coronavirus, including postponing the payment of loans and providing support to sectors affected by this pandemic, and also providing guarantees to local banks through the National Security Program, with the aim of supporting the private sector to face the effects of this pandemic.
In May 2020, Qatar began implementing a law that would regulate the partnership between the public and private sectors, as the private sector is expected to benefit from this new law. While in October 2020, Doha allowed foreigners to own real estate.
The general index of the Qatar Stock Exchange has increased by nearly 2 percent since the beginning of this year and has exceeded the barrier of ten thousand points. The latest IMF forecasts indicate that the global economy will grow by 5.2% in 2021, as advanced economies will record growth of 3.9%, while emerging and developing economies will recover by 6% in 2021.
Source (Al-Raya Newspaper-Qatar, Edited)
