IMF cuts 2026 growth forecasts for Gulf economies due to prolonged Hormuz closure

The National ·
United Arab Emirates

The International Monetary Fund has significantly lowered its 2026 projections for economies across the Gulf due to the prolonged closure of the Strait of Hormuz , and pushed back its forecast on the waterway's reopening. In its latest World Economic Outlook , released on Tuesday, the IMF also slashed its forecasts for the broader region. The Middle East and North Africa economy is estimated to…

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