IMF Cuts 2026 Growth Forecasts for Gulf Economies Due to Prolonged Hormuz Closure
The fund says the region faces a 2% contraction this year as tanker attacks cut oil flows and raise inflation pressures.
10 Articles
10 Articles
The IMF cuts its 2026 growth forecasts across the Gulf
The IMF cut its 2026 growth forecasts across the Gulf and now expects the Middle East and North Africa to be the only region in the world to shrink this year. In April, the fund still forecast Saudi Arabia and the UAE would grow. Both will still do better than Kuwait, Bahrain, and Qatar, whose…
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IMF sees Gulf economies shrink in 2026 as Hormuz closure bites
Washington, Oct 13 (SocialNews.XYZ) The war in the Middle East and the closure of the Strait of Hormuz will push the Middle East and Central Asia region into contraction this year, with several Gulf oil producers facing double-digit declines, the International Monetary Fund said on Tuesday. In its October 2026 World Economic Outlook, the IMF projected growth in the Middle East and Central Asia at minus 0.3 per cent in 2026, before a rebound to 6…
IMF slashes Middle East growth outlook due to war disruptions - THE LOCAL REPORT ARTICLES
The International Monetary Fund has sharply cut growth forecasts for the Middle East and Central Asia in 2026, as the ongoing war has sent economies into a tailspin. IMF slashes Middle East growth outlook due to war disruptions In its latest World Economic Outlook report, the IMF said the regional economy was projected to contract ...
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