Qatar’s economy performed its worst since at least 2012 during the second quarter amid lockdown measures to combat the coronavirus, Bloomberg reported.
The country’s gross domestic product fell 6.1% in the April-to-June period on an annual basis, according to estimates by the Planning and Statistics Authority. The economy contracted 1% in the same period of 2019.
Transportation, warehousing, retail trade, accommodation and leisure services were especially hit by the Covid-19 pandemic, said the report.
The International Monetary Fund projects Qatar’s GDP to fall 4.5% this year.