Houthi Attacks and US Pullout Spark Gulf Economic Shock, IMF Sees 4.8% Contraction

Name: Houthi Attacks and US Pullout Spark Gulf Economic Shock, IMF Sees 4.8% Contraction
Uploaded: 2026-10-25T16:03:31.533567+00:00
Description: Houthi missile attacks have intermittently closed Saudi airports and prompted the United States to evacuate diplomats, triggering what the IMF calls a severe shock to Gulf economies. The fund now projects a 4.8% contraction in Gulf Cooperation Council output in 2026, with a 9.1% rebound in 2027 contingent on hostilities ending.

Houthi missile attacks have intermittently closed Saudi airports and prompted the United States to evacuate diplomats, triggering what the IMF calls a severe shock to Gulf economies. The fund now projects a 4.8% contraction in Gulf Cooperation Council output in 2026, with a 9.1% rebound in 2027 contingent on hostilities ending.

Read the full story