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Translated regional report

Destruction of Qatar's economy following the war against Iran

Automated translation and editorial curation by Middle East CatchSite publication

Original report: Akharin KhabarOriginal publication Editorial policy

Akharin Khabar

🔺🔻Destruction of Qatar's economy following the war against Iran 🔹Financial Times: Following the war with Iran, Qatar's government budget has decreased by 30%. 🔹As a result of this budget reduction, the country's foreign aid has also faced an 85% decrease. 🔹Financial Times mentioned a 17% decrease in Qatar's gas export capacity following the attack on the ‘Ras Laffan’ gas complex, stating that the closure of the Strait of Hormuz has paralyzed the country's exports. 🔹The International Monetary Fund (IMF) also predicts an 8.6% reduction in Qatar's Gross Domestic Product (GDP) this year. 🔹According to this report, Qatar intends to use $500 billion of its reserves to maintain liquidity.

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