HSBC: Arab Spring to cost Middle East $800 billion

By REUTERS
October 9, 2013 16:32

DUBAI - The Arab Spring uprisings will end up costing Middle Eastern economies about $800 billion in lost output by the end of next year as countries struggle to restore stability, banking giant HSBC estimated on Wednesday.

In a research report, HSBC predicted that at the end of 2014, gross domestic product in the seven hardest-hit countries - Egypt, Tunisia, Libya, Syria, Jordan, Lebanon and Bahrain - would be 35 percent lower than it would have been if the 2011 uprisings had not happened.


Related Content

Breaking news
June 21, 2018
Security forces demolish Palestinian terrorist's home

By JERUSALEM POST STAFF