Qatar: Private Sector Breathes Sigh of Relief As Restrictions Ease

Qatar: Private Sector Breathes Sigh of Relief As Restrictions Ease

Momentum in Qatar's non-energy private sector rebounded somewhat in June amid easing of restrictions with PMI recording the largest-ever month-on-month increase, FocusEconomics has said in its latest report.

"Turning to the third quarter, the country entered the phase three of the government's four-phase easing plan on July 28. Gyms and health clubs reopened and limits on public gatherings were reduced, among other measures, which should be supporting a further recovery in activity,“ FocusEconomics said in the report.

According to FocusEconomics Consensus Forecast-Middle East & North Africa for August report, Qatar's energy production surged in May, adding more positive momentum to the country's economy.

The report, however, said the economy is expected to contract this year.

"The lockdown will cripple the tourism sector for the majority of the year, while depressed energy prices will weigh