Leaving aside Qatar, it would be hard to say that the global economy has hit rock bottom. It hasn't.
The US economy MAY move out of recession after 9 months (ie the end of this year). Or it may not.
In the meantime the Euro zone is going from bad to worse, and Asia is going from bad to worse.
I fail to see how anyone can reasonably say that Qatar will be 100% unaffected. Exactly WHO will be buying all this LNG? And with mass redundancies globally, that will push down the wages of new recruits to the country which will lower consumer spending.
Qatar HAS been affected. Qatar will continue to be affected. Things will get worse. I don't see how that can be denied.
The government didn't throw stack loads of cash at the local banks and buy out their risky investments for fun. They did it because investors here are suffering.
The questions that no one can answer are:
How much worse will it get?
When will things begin to improve?
The attached article talks about 5 year projections for property, so does that give us an idea of when they see a turn around?
Leaving aside Qatar, it would be hard to say that the global economy has hit rock bottom. It hasn't.
The US economy MAY move out of recession after 9 months (ie the end of this year). Or it may not.
In the meantime the Euro zone is going from bad to worse, and Asia is going from bad to worse.
I fail to see how anyone can reasonably say that Qatar will be 100% unaffected. Exactly WHO will be buying all this LNG? And with mass redundancies globally, that will push down the wages of new recruits to the country which will lower consumer spending.
Qatar HAS been affected. Qatar will continue to be affected. Things will get worse. I don't see how that can be denied.
The government didn't throw stack loads of cash at the local banks and buy out their risky investments for fun. They did it because investors here are suffering.
The questions that no one can answer are:
How much worse will it get?
When will things begin to improve?
The attached article talks about 5 year projections for property, so does that give us an idea of when they see a turn around?