Gulf Conflict: Potential Economic Fallout for Africa

African economies face a potential loss of 0.2 percentage points in GDP growth by 2026 if the Gulf conflict extends beyond six months. The disruption in shipping, energy, and fertilizer supplies could significantly slow growth, according to a joint report by the UN, African Union, and African Development Bank.

African economies are at risk of losing 0.2 percentage points of GDP growth in 2026 if the Gulf conflict extends beyond six months, a new report reveals.

Released by the UN, African Union, and African Development Bank, the report highlights potential disruptions in shipping, energy, and fertilizer supplies that could slow growth.

The findings were presented during the UN's Economic Commission meeting in Tangier, emphasizing the severe impact prolonged conflict could have across the continent.

(With inputs from agencies.)