Good post adventure. My personal view is that in the coming months the local currency will be revalued by plus 20%. This will be the wrong thing to do as it means the country simply prints more money and the price of goods rents etc increases in real terms but not on the new face value of the currency. The danger then is hyper inflation
Add to this the imminent downturn in construction, the dropping of oil to $30/b and the economy in Qatar being dependant on overses workers, you have the recipe for a financial melt down. This sounds very gloomy, but perhaps this adjustment is required. Unfortunatly the long term perspective is grim. Not just Qatar but world wide. In the past recessions have benn cyclical but this is different.
Good post adventure. My personal view is that in the coming months the local currency will be revalued by plus 20%. This will be the wrong thing to do as it means the country simply prints more money and the price of goods rents etc increases in real terms but not on the new face value of the currency. The danger then is hyper inflation
Add to this the imminent downturn in construction, the dropping of oil to $30/b and the economy in Qatar being dependant on overses workers, you have the recipe for a financial melt down. This sounds very gloomy, but perhaps this adjustment is required. Unfortunatly the long term perspective is grim. Not just Qatar but world wide. In the past recessions have benn cyclical but this is different.