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Middle East economy to shrink 2.1% in 2026, Gulf economies by 4.3%, World Bank forecasts

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Middle East economy to shrink 2.1% in 2026, Gulf economies by 4.3%, World Bank forecasts

Despite grim forecasts, the World Bank projects regional economies could rebound by 7.8% in 2027 if the conflict ends this year, though the Hormuz blockade and inflation remain major threats.

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