Economic Slowdown in Middle East Due to War

The World Bank forecasts Middle East economic growth to drop to 1.8% this year because of the Iran war, warning of long-term 'scarring' effects. Gulf GDP growth is expected at 1.3%, with Qatar and Kuwait possibly contracting. The conflict has disrupted energy infrastructure, spiked oil prices, and affected global markets, especially in Asia and Europe, while also reducing tourism and remittances. https://www.thenationalnews.com/business/economy/2026/04/08/world-bank-expects-middle-east-economic-growth-to-slow-to-18-and-warns-of-scarring-from-iran-war/