JPMorgan Trims Gulf Growth Forecasts Over Iran Conflict

JPMorgan Chase & Co. has lowered its non-oil growth projections for economies across the Gulf region following the escalation of conflict involving Iran over the weekend. The Wall Street investment bank reduced its growth outlook by 0.3 percentage points across the regional bloc, warning that risks remain elevated and further downward revisions may be necessary depending on the conflict's outcome. Among the most affected nations, Bahrain saw its forecast cut by 0.5 percentage points, while the United Arab Emirates experienced a reduction of 0.4 percentage points.