HSBC: Arab Spring to cost Middle East $800 billion
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.ByREUTERS06/08/2025 07:57 AMByREUTERS06/08/2025 05:36 AMByMAARIV06/07/2025 02:33 PMByWALLA!06/07/2025 11:18 AM
