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The Economic Times

Top News / The Economic Times

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Gulf economies at risk of worst slump since 1990s on Iran war

The ongoing Iran war could severely impact Gulf economies if it continues, with Qatar and Kuwait potentially seeing GDP contract by about 14% if the Strait of Hormuz remains shut for two months, according to Goldman Sachs. That would mark their worst economic downturn since the early 1990s Gulf War.

16 Mar 2026 10:16 am