The International Monetary Fund (IMF) said the Qatari economy has proved resilient to the blockade imposed by Saudi Arabia, the United Arab Emirates, Bahrain and Egypt and the fall in world oil prices.
The IMF added in a statement two days before the closure of the second blockade, that the performance of the Qatari economy improved over the past year, and it succeeded in absorbing shocks.
The IMF said real GDP growth is estimated at 2.2% compared with growth of about 1.5% in 2017.
The fund also said that the Qatari banking sector is in good shape and pointed to a decline in real estate prices by 15% over the past two years, after an increase of 82% between 2012 and 2016.
The International Monetary Fund (IMF) data showed that Qatar's foreign exchange reserves would rise to $ 44.3 billion this year, while exports were estimated to exceed $ 80 billion during that period.
The medium-term growth will be supported by increased gas production from the Barzan field, a $ 10 billion joint venture between Qatargas and Exxon Mobil, the fund said.
On completion, the project will produce 1.4 billion cubic feet of gas per day for the domestic market, as well as condensate quantities.