UN: Arab Spring “cost region $600bn” in lost growth

_92389699_456047ff-19a4-4be2-b03d-ed9248fcae64

http://www.bbc.com/news/world-middle-east-37945757

The Arab Spring protest movement has cost the region $614 billion in lost growth since 2011, the UN says.

The estimate is the first of its kind by a major economic body.

It is equivalent to 6% of the region’s total GDP between 2011 and 2015, the Economic and Social Commission for Western Asia (ESCWA) says.

The uprisings, which started in Tunisia, saw leaders toppled in four countries, and led to war in Libya, Syria and Yemen.

ESCWA used growth projections made before the uprisings to calculate its figure.

It included countries not directly affected by political conflict but subject to spill-over effects from it, include refugee arrivals, lost remittances and falls in tourism.

In Syria, where anti-government protests spiralled into a messy civil war that now involves various foreign powers, GDP and capital losses are equal to $259 billion since 2011, according to ESCWA’s National Agenda for the Future of Syria.

In countries where political transitions have occurred, new governments have not made economic reforms required to address “the issues that led to unrest in the first place”, the report says.

———

i would think it may have been a higher figure..

“In countries where political transitions have occurred, new governments have not made economic reforms required to address “the issues that led to unrest in the first place”

and thats the damning statement..nothing changes..just the puppets at the top..

401

Advertisements

~ by seeker401 on November 18, 2016.

3 Responses to “UN: Arab Spring “cost region $600bn” in lost growth”

  1. Engineered by the west..

  2. Reblogged this on World Peace Forum.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: