Compose a 2500 words essay on Impact of the Global Financial Crisis of 2007/2008 on the Qatari Economy. Needs to be plagiarism free!Download file to see previous pages... Then, the paper takes into co

Compose a 2500 words essay on Impact of the Global Financial Crisis of 2007/2008 on the Qatari Economy. Needs to be plagiarism free!

Then, the paper takes into consideration the impact of the global financial crisis on the Qatari economy. The impact on the oil sector, banking industry and the real estate market were studied and a qualitative analysis was made to reach the conclusion. The results imply that the Qatari economy was not fully shielded from the crisis. However, the effect on the country was much lesser compared to America and Europe. The robust performance of the oil sector had made the adverse effects short-lived for the economy. Contents Contents 3 Introduction 4 Data and analysis 5 Causes of the Crisis and Its Impacts on World Economy 5 Impact of the Global Financial Crisis on Qatar 9 Discussion of results 13 Conclusion 14 Work Cited 15 Name of the Student Name of the Professor Name of the Course Date Impact of the Global Financial Crisis of 2007/2008 on the Qatari Economy Introduction Literature states that global financial crisis had occurred during 2007-08 when the financial institutions and the financial system as a whole had collapsed. The causes for this crisis had started well before 2007. It has been established that reckless lending by the banks before 2007, in the form of mortgages, had led to the formation of a housing bubble (Lewis, “The Global Financial Crisis, 2007-08: Origins, Nature and Consequences”). ...

The complexity of the financial sector and agents has been blamed as one of the chief reasons for the crisis. It has been argued that the regulatory measures were not adequate to control the evolution of the financial crisis which had severe consequences on the whole world (Norgren, “The Causes of the Global Financial Crisis and Their Implications for Supreme Audit Institutions”). This paper will analyze the main reasons behind the global financial crisis and try to find out whether it had affected the economy of Qatar in any way. Data and analysis Causes of the Crisis and Its Impacts on World Economy To understand the causes of the global financial crisis, it would be important to understand the timeline of events that had ultimately culminated in the crisis of 2008. The timeline can be explained with the help of the following diagram. Figure 1: Events that lead to the Crisis (Source: Grail Research, “Global Financial Crisis”) The figure studies in detail the series of events that took place during June 2007 to Oct 2008. The chain of events had begun when the investment giant, Bear Stearns, filed for bankruptcy in the middle of the year. The problem had deepened with the bursting of the housing bubble later that year, when the biggest investment banks started failing one after the other and suffered huge losses. The beginning of 2008 saw the financial institutions fail badly when Merrill Lynch and Lehman Brothers filed for bankruptcy. The American government started to provide bailout packages to the banks in order to prevent the meltdown of Wall Street. The impact of the financial crisis resonated through the entire economy and the GDP growth rates of America fell considerably.