RIYADH: Gulf economies could rebound sharply in 2027, with the World Bank forecasting 10.3 percent growth if the Iran conflict does not escalate this year. The organization made the claim on the basis that oil production and shipping return to normal from early 2027, with trade, tourism and domestic activity also looking to bounce back following the disruption caused by the US-led ward. The impact of the conflict, which has led to extensive disruptions in the Strait of Hormuz, is likely to see G

Source: Arab News