GCC economies to grow 8.1% in 2027 as conflict disruptions subside
Gulf economies are expected to grow significantly in 2027 after suffering an economic slowdown in recent months caused by the Iran-US conflict.
The GCC (Gulf Cooperation Council) economies are expected to grow by 8.1% next year, with energy flows, tourism and investor sentiment to gradually normalise as war disruptions subside, the Institute of Chartered Accountants in England and Wales (ICAEW) and Oxford Economics said in a new report.
Regional economies incurred substantial economic damage as the conflict's shockwaves, whether through missile strikes on critical energy and oil architecture, disrupted shipping lanes, or upended trade and aviation networks, swept through markets, industries and countries.
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