IMF expects Gulf economies to shrink 4.8% this year before a sharp rebound
Kuwait, Qatar and Bahrain face the deepest contractions as the Hormuz disruption cuts oil and gas output, while Oman is the only GCC state forecast to grow.
Opinion · 5 stories
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Kuwait, Qatar and Bahrain face the deepest contractions as the Hormuz disruption cuts oil and gas output, while Oman is the only GCC state forecast to grow.
Alphabet, Microsoft and Amazon report this week as investors question whether record capital spending is turning into cash, a week after Meta's shares fell about 7 per cent.
Kuwait, Qatar and Bahrain face the deepest contractions as the Hormuz disruption cuts oil and gas output, while Oman is the only GCC state forecast to grow.
Alphabet, Microsoft and Amazon report this week as investors question whether record capital spending is turning into cash, a week after Meta's shares fell about 7 per cent.
The chipmaker is underwriting leases and buying spare capacity to keep demand for its processors strong, leaving it more exposed if AI customers struggle to pay.
A preliminary deal to limit Chinese electric and hybrid car imports has not eased tensions, with the bloc's deficit running at roughly €1bn a day.
The IMF's latest forecasts put Bangladesh's nominal GDP per person ahead of India's this year, though the lead is narrow, flips on a purchasing-power basis and is projected to reverse by 2029.