Source: Cobden Centre
by Damien Phillips
“With the Third Gulf War raging since late February, the prophecies of economic doom have been rolling in ever since. Iran’s economy is predicted to shrink by nearly 10% this year, while forecasts for growth in the Gulf nations are expected to fall from 4.4% in 2025 to 1.3% in 2026. It’s estimated that the Middle East’s tourism industry alone is losing $600 million a day through lost visitor spending. The global fallout has also seen projections of misery for all. … But there are an ever-growing number of thinkers and the historical evidence to back them up that point to major crises – wars, depressions, state collapses – often being followed by unusually strong growth.” (04/30/26)
https://www.cobdencentre.org/2026/04/will-there-be-a-boom-after-gulf-war-three/