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Qatar's Q1 nominal GDP down nearly 18% yr-on-yr
- Qatar: Wednesday, July 01 - 2009 at 11:03
Qatar Statistics Authority has said that the country's GDP shrank 17.5% year-on-year at current prices in the first quarter, to QR70.88bn riyals ($19.48bn), down from QR85.88bn. On a quarterly basis, GDP had dropped 8.7% in the first quarter from QR77.65bn in the fourth quarter, the Authority said.
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