Unemployment fuels unrest in Arab states: IMF

epa07949840 An Iraqi protester flashes the v-sign during clashes with riot police forces near the local government headquarters following a demonstration in Karbala, southern Iraq, 25 October 2019. Thousands of protesters in Baghdad and southern Iraqi cities staged new protests against the Iraqi government corruption and poor government services. At least 20 protesters were killed and dozens others were wounded during clashes with riot police forces in Baghdad and Nasriyah city southern Iraq. EPA-EFE/FURQAN AL-AARAJI

Reading Time: < 1 minute

Unemployment and sluggish economic growth are fuelling social tension and popular protests in several Arab countries, the International Monetary Fund said Monday.

The unrest is in turn contributing to slower growth in the Middle East and North Africa (MENA) region, alongside global trade tensions, oil price volatility and a disorderly Brexit process, the IMF said in a report on the regional economic outlook.

Earlier this month it lowered the 2019 forecast for the region — taking in the Arab nations and Iran — to a meagre 0.1 percent from 1.1 percent last year.

The IMF slashed its outlook for the region’s three largest economies — Saudi Arabia, Iran and the United Arab Emirates.

Via France 24

%d bloggers like this: