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Gulf Economies Face Steep 2026 Contractions, Led by Kuwait and Iraq

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Estimates indicate Kuwait's real GDP may shrink by 16.7 percent in 2026 on an annual basis. Iraq is projected to decline by 16 percent, while Qatar could see a contraction of 15.6 percent. Bahrain's real GDP is forecast to fall by 11.3 percent over the same period. The figures point to a significant downturn across several Gulf economies, though the article does not detail the underlying causes.

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Gulf Economies Face Steep 2026 Contractions, Led by Kuwait and Iraq · ShortSingh