Qatar records the worst economic performance since 2012

Qatar recorded a reduction of 36% in its exports
in the third quarter of 2020
while the coronavirus pandemic affected its energy products’ sales
The Bloomberg agency revealed that exports reduced to 41.1 billion riyals
versus 63.7 billion riyals a year ago
Its imports dropped 16 percent to 21.5 billion riyals
Qatar’s economic performance in 2020 is the worst since 2012
when transport and storage activities decreased by 40%
housing and food services by 38.7%,
wholesale and retail trade and vehicle repair have decreased by more than 30%
the manufacturing sector reduced by 11.3%
The central bank related in August
that it expects that the economy decline this year
with reduction in energy prices and the coronavirus crisis
The International Monetary Fund revised for Qatar’s real GDP
and expected a 4.5% reduction against from its April estimation with a 4.3% decline.