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what impact does it make in Qatar economy due to this manipulated inflation?
By milanhans on Thu, 27/03/2008 - 8:54am
Every commodities in the market are unexpectedly rising high.This inflation somehow seems government's preplan to make all exparaties earning to be spend here. If inflation keep on rising the qatari riyal will get devalue by more.
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Withnail said
manipulated inflation? ...commodity prices are going up worldwide. this is the reality of the world we live in with a booming china and india.
the first thing people spend more money on as their income goes up is food items.
oil - we all know why that's going up.
if you consider the qataris not changing their currency peg a form of manipulation, then i guess you have a point. but i don't think so.
and this country would collapse without expatriates so obviously this inflation is not a government conspiracy to get rid of us.
it's basic supply and demand.
___________________________________________
"Even a stopped clock gives the right time twice a day." Withnail & I
paengski_21 said
Yeah ...Everything is going up and up and up and up
nothing seems fair here in qatar
everything is expensive
while most of the company's dong give a damn about it
they dont give salary adjustment
i came here 2 years ago where all are still good.
a 5 kilo rice before (Good Rice) Jasmine, i can buy for 17 QR
now its around 23 or 24 i think
hay what a life of an expat.
Raffy
The rock said
Hi, Respect your ...Hi,
Respect your views on the economics.
But on everything collapsing if the expatriates leave, i don't agree with that. Sometimes people in their individual capacity think that they are so important for the company that if they leave, the company won't be able to function. Sometimes there are similar thoughts at a collective level. But this is never true, other people fill in the gaps and things move on.
On the contrary, such a thought risks making us complacent.
take care.
------------------------------------------
Quidquid latine dictum sit, altum sonatur.
Withnail said
hi rock ...i agree with you if your looking at normal economies, but in an economy with 70-80% foreign workers, i think you are wrong.
this place will collapse if the expatriates leave. putting aside discussions of relative talent of various nationalities or whatever else like that, there simply are not enough Qataris to fill all the jobs that would be left behind.
and i don't see how such thoughts make us complacent. we become complacent if we know there is no one in the wings waiting to take our place. get rid of one expat, hire another.
___________________________________________
"Even a stopped clock gives the right time twice a day." Withnail & I
torc said
Rental rates are a major ...Rental rates are a major culprit for the cost of goods going up in Qatar from foodstuffs to toys.
The companies have higher costs to endure and need to increase the costs unfortunately.
I don't believe anyone expected the housing and office rates to increase so dramatically. The revised law will help a little but it's a wee bit too late since the prices are still up there and demand is high.
I believe it will take a long while before landlords are forced to drop their rental offers in order to secure tenants. However, for compounds, I see this taking much longer to happen. Nevertheless, the rentals will not come down as dramatically as they increased, it will be a slow decline on certain properties until demand versus availability reverses.