Gulf Nations Face Potential Double-Digit GDP Contractions In 2026
· Business · NDTV, CBS News
Economic estimates indicate that several Gulf nations may experience significant real GDP contractions in 2026. Kuwait is projected to see a 16.7 per cent decline, followed by Iraq at 16 per cent, Qatar at 15.6 per cent, and Bahrain at 11.3 per cent. These forecasts suggest a challenging economic period for the region. The report does not specify the underlying causes for these projected downturns.
Why it matters
These potential economic contractions could impact global energy markets and the livelihoods of millions of expatriate workers, including many Indians, living in the Gulf.
Read the original report — NDTV
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