Satyendra Pathak
Doha
Qatar’s economy appears to have recovered somewhat in the third quarter after a decline in the second quarter due to COVID-19 containment measures, low energy prices and plummeting visitor arrivals, according to FocusEconomics.
In its October report, FocusEconomics said Qatar’s government progressively lifted lockdown restrictions in four stages from mid-June, and entered phase four on September 1.
As a result, the report said, economic activity has largely resumed, although capacity restrictions remain in place in stores and workplaces.
The easing of restrictions was reflected by a surge in the non-energy private sector PMI in July and August relative to the second quarter, the report said.
"Moreover, industrial output was up markedly in July on stronger energy production. The hospitality sector likely remained under pressure due to weak visitor arrivals,” the report said.
Doha
Qatar’s economy appears to have recovered somewhat in the third quarter after a decline in the second quarter due to COVID-19 containment measures, low energy prices and plummeting visitor arrivals, according to FocusEconomics.
In its October report, FocusEconomics said Qatar’s government progressively lifted lockdown restrictions in four stages from mid-June, and entered phase four on September 1.
As a result, the report said, economic activity has largely resumed, although capacity restrictions remain in place in stores and workplaces.
The easing of restrictions was reflected by a surge in the non-energy private sector PMI in July and August relative to the second quarter, the report said.
"Moreover, industrial output was up markedly in July on stronger energy production. The hospitality sector likely remained under pressure due to weak visitor arrivals,” the report said.