Goldman Sachs: Iran War Could Trigger Worst Recession for Gulf Economies Since the 1990s

GateUser-bd883c58 · 2026-03-20T23:22:10+00:00

**Ask AI · What are the key drivers of the Gulf economic recession predicted by Goldman Sachs?****[Goldman Sachs: Iran War Could Trigger Severest Recession for Gulf Economies Since the 1990s] Caixin Wire March 16 — Farouk Soussa, economist at Goldman Sachs Group, stated that if the conflict persists until April, causing the Strait of Hormuz to close for two months, Qatar and Kuwait's GDP could contract by 14% respectively this year. This would represent the most severe economic recession for these countries since the early 1990s.**

GateUser-bd883c58

2026-03-20 23:22:10

Ask AI · What are the key drivers predicted by Goldman Sachs for the Gulf economic recession?

【Goldman Sachs: Iran war could cause the Gulf economies to experience the worst recession since the 1990s】 Caixin, March 16 — Goldman Sachs economist Farouk Soussa said that if the conflict continues until April, causing the Strait of Hormuz to be closed for two months, Qatar and Kuwait’s GDP could shrink by 14% this year. This would be the most severe economic downturn for these countries since the early 1990s.

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