The boycott of Qatar by its neighbors in the Gulf is expected to affect the rate of its growth, but if Qatar succeeds in easing the capital flight, it will not result in a severe, long-term recession. As most of the costs incurred in the retreat from integration among the countries in the Gulf Cooperation Council affect the longer term and will not create immediate pressure on the countries boycotting Qatar, it is reasonable to assume that the costs also will not play a central role in shaping their policies in the crisis. These assumptions do not contradict the assertion that continuation of the crisis could have structural effects on the region’s economy.
