This file photo taken on July 31, 2017 shows a Qatari trader following the stock market at the Qatari stock exchange in Doha. AFP / STRINGER
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Qatar's economy has been hit by the sanctions imposed by a Saudi-led Arab bloc but the emirate's economy is strong enough to survive, analysts say.Qatar, denying the charges, accuses its Gulf neighbors of seeking to strangle its economy.The level, however, remains around 6 percent lower than during pre-crisis Qatar.And analysts are predicting a long drawn-out crisis which will affect investor confidence, with Bloomberg assessing at the end of July that Qatar's economy was showing "the strain".Oxford Economics has revised its growth outlook for 2017 down to 1.4 percent, compared with 3.4 percent before the Gulf crisis, and re-evaluated inflation at 1.8 percent, up from the anticipated 1.5 percent, because of higher import costs.Fitch, Moody's and Standard & Poor's have downgraded their credit ratings for Qatar.
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