✉news BusinessEconomy first seen 1 d ago, last 23 h ago, peak #26
Gulf economies speed up diversification amid Iran war recession fears
Original: Gulf economies accelerate diversification as recession looms over Iran war
Gulf states are accelerating economic diversification efforts as the conflict involving Iran raises the prospect of a regional recession. Governments in the Gulf Cooperation Council are pushing ahead with plans to reduce dependence on oil revenues, according to regional and global news coverage, as investors and policymakers weigh the war's impact on trade, energy prices and growth across the Middle East.
Why now: Ongoing conflict with Iran is raising fears of a regional recession, prompting attention to how Gulf economies are adapting.
Gulf Cooperation CouncilIranSouth China Morning Post
Evidence
- Gulf economies accelerate diversification as recession looms over Iran war · South China Morning Post
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