【Goldman Sachs: Iran War Could Cause Worst Recession in Gulf Economies Since the 1990s】On March 16, Goldman Sachs Group economist Farouk Soussa stated that if the conflict continues into April, causing the Strait of Hormuz to close for two months, Qatar and Kuwait's gross domestic product (GDP) could contract by 14% respectively this year. This would represent the most severe economic recession for these countries since the early 1990s.
【Goldman Sachs: Iran War Could Cause Worst Recession in Gulf Economies Since the 1990s】On March 16, Goldman Sachs Group economist Farouk Soussa stated that if the conflict continues into April, causing the Strait of Hormuz to close for two months, Qatar and Kuwait's gross domestic product (GDP) could contract by 14% respectively this year. This would represent the most severe economic recession for these countries since the early 1990s.