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An international report forecasts that the GDP of the Gulf countries will grow by 8.1% by 2027, after an expected contraction of 2.4% in 2026 due to regional disruptions, declining oil exports, and a slowdown in the tourism sector. The oil sector is anticipated to decline by approximately 14.5% in 2026 but will recover by 23.5% in 2027, with the economies of Saudi Arabia and Oman continuing to grow but being less affected. The report indicates that oil prices are expected to hover around $90 per barrel, while non-oil sectors such as finance and technology will continue to expand. A rebound in tourism is also expected after a 30% decline in visitor numbers during 2026.
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