IMF Gulf outlook: GCC economies seen shrinking 4.8% in 2026 on Iran war
The International Monetary Fund (IMF) expects Gulf Cooperation Council (GCC) economies to shrink 4.8% in 2026 as the US-Iran war hits oil output. Oman is the only GCC economy still forecast to grow.
- -4.8%
- Gulf Cooperation Council real GDP growth forecast, 2026
- -16.7%
- Kuwait real GDP growth forecast, 2026
- +4.1%
- Oman real GDP growth forecast, 2026