Arab Economies: Best and Worst 2026-2027
The International Monetary Fund forecasts that Arab oil-exporting economies will experience a significant recession in 2026 due to disruptions in navigation through the Strait of Hormuz and declining oil supplies. It is expected that this crisis will impact growth in 2027, with Iraq recording the highest increase at 19%, as oil exports return to normal levels. Meanwhile, the effects of the downturn and recovery will vary between countries, with growth rates stabilizing in some economies such as Jordan.
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