Qatar's economy contracts 8.6% in 2026 due to war damage at LNG facilities & Hormuz disruptions

INTELLIGENCE SUMMARY

QATAR’S ECONOMY PLUNGES 8.6% Qatar’s economy is forecast to contract 8.6% in 2026, the steepest decline among GCC states. The war has crippled Qatar’s LNG lifeline, with damage at Ras Laffan and severe disruptions through the Strait of Hormuz. Qatar is reported to have lost roughly $24 billion in gas sales during the major disruption. Doha has responded with deep budget cuts, cutting some government spending by 30% and overseas aid by roughly 85%.