*The IMF and World Bank have sharply revised down their base case economic growth outlooks for Middle East oil exporters due to the regional conflict that has caused the closure of the Strait of Hormuz and resulted in substantial infrastructure damage.
*The IMF has revised down its outlook for GDP growth in 2026 for the GCC states by 2.3 percentage points to 2.0%. The World Bank revised down its outlook by a more severe 3.1 percentage points to just 1.3%. (CONTINUED - 225 WORDS)
