IMF forecasts 4.8% Gulf economic contraction in 2026 as Iran war hits energy exports
Gulf economies are set to shrink 4.8 per cent this year as the Iran war disrupts energy exports and weighs on non-oil activity, before rebounding 9.1 per cent in 2027, the International Monetary Fund said on Thursday. The forecast marks a sharp reversal for the six-member Gulf Co-operation Council, with the IMF cutting its 2026 growth projection by 6.8 percentage points from the 2 per cent…
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