Qatar economy weathers Saudi-led blockade: report

Qatar's economy has weathered the impact of a months-long blockade by neighbouring countries, although its tourism and real estate sectors have taken a hit, an economic report said on Wednesday. The tiny Gulf state's economy has maintained positive growth in the seven months since Saudi Arabia, United Arab Emirates, Bahrain and Egypt imposed an air and land siege, said the report by Capital Economics. "Recently-released national accounts data confirmed that Qatar avoided the worst fears that the diplomatic crisis would plunge its economy into recession," the independent London-based research firm said.

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