Good news for Qatar — business is booming!

The Gulf Times reports: 

Qatar’s economy (nominal) grew by a robust 28.4% year-on-year in the first quarter (Q1) of this year mainly due to a double-digit growth in seven of the 13 sectors, indicating the fruition of the country’s diversification strategy.

On a quarter-to-quarter analysis, the Qatar Statistics Authority (QSA) found that the mining, manufacturing, construction and finance sectors have been consistently rising since the third quarter of 2010; an indicator of the robustness and value addition in the world’s fastest growing economy.

In short, more than half the country’s industries saw substantive growth, and only one sector – construction – saw decline.

Read the rest of the article here.