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Qatar Might Have Already Seen The Worst Of Crisis

Photo: Bloomberg

The crisis impact has started to ease down as the drop in Qatar’s non-resident deposits slowed to 4.2 percent in September, relieving the banks amid the crisis.

The banking and economic data show that the worst may be over for the gas-rich nation, provided the tensions don’t come up again, according to Jason Tuvey, a London-based economist at Capital Economics. “We expect strains in the banking sector to continue to ease,” he said.

 

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