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Event Brief

IMF forecasts regional economic contraction in 2026

The International Monetary Fund says the Middle East and Central Asia’s economy is set to shrink in 2026 amid the US-Israel war on Iran. Iraq, Bahrain, Kuwait and Qatar face double-digit declines in gross domestic product.
WHO: International Monetary Fund
WHAT: The IMF forecasts that the Middle East and Central Asia’s economy will shrink in 2026.
WHEN: Reported Oct 13, 2026 at 1:59 AM ET
WHERE: Middle East and Central Asia
WHY: The IMF attributes the forecast contraction to the fallout from the US-Israel war on Iran.

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