EconomyIMF Warns of 4.8% Gulf Economic Contraction in 2026 Amidst Iran War's Impact on Energy Exports
The IMF forecasts a 4.8% contraction in Gulf economies for 2026 due to the Iran war impacting energy exports, with a rebound expected in 2027. The conflict is also affecting non-oil activity and eroding financial buffers.
The National|October 22, 2026 