Fitch Predicts 5% Economic Contraction for UAE in 2026 Amidst Iran Tensions
International rating agency Fitch has forecast a significant 5% economic contraction for the United Arab Emirates in 2026, attributing the downturn to escalating hostilities against Iran and projecting a modest overall growth of 0.5%.
According to the International Desk of Webangah News Agency, Fitch has predicted that the United Arab Emirates’ economy will face a 5% recession in 2026 due to the incitement of war against Iran, with the country’s overall economic growth reaching 0.5%.
The Fitch report highlights the negative impacts of disruptions to trade, transportation, industry, and tourism on the UAE’s non-oil revenue sector.
The credit rating agency also emphasized that the UAE’s foreign exchange reserves have decreased from over $300 billion in February to $265 billion by August 2026.
© Webangah News, Mehr News Agency
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