---
title: "JP Morgan sees Qatar's economy contracting 9% after Ras Laffan attack"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/279967994.md"
datetime: "2026-03-20T15:36:30.000Z"
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  - [en](https://longbridge.com/en/news/279967994.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/279967994.md)
---

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# JP Morgan sees Qatar's economy contracting 9% after Ras Laffan attack

LONDON, March 20 (Reuters) - Qatar’s economy is now likely to contract by 9% this year after missile attacks this week caused serious damage to it giant Ras Laffan LNG facility, analysts at JPMorgan warned on Friday.

The Iranian attack damaged 17% of Ras Laffan’s production capacity and could take three to five years to repair, Qatar authorities have said. Losses are substantial, with authorities estimating a loss of $20 billion per year.

“After already downgrading (Qatar’s headline GDP) forecast in the last weeks, we now project Qatar’s GDP will contract by 9% in 2026, a 14 percentage point swing from approximately one month ago,” JP Morgan analysts said in a note.

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