Tuesday 18 January 2011

FT.com - North African bourses fall on Tunisia contagion fears

North African stock markets fell and the cost of insuring against sovereign defaults in the region rose as analysts warned that the political turmoil that has engulfed Tunisia could spread to other Middle East countries.

Tunisia’s widespread youth unemployment, corruption, autocracy and food price inflation – which led to the ousting of president Zine al-Abidine Ben Ali last Friday – is common across the Arab world.

Barclays Capital slashed its economic forecast for Tunisia on Monday and warned the risk of the country’s political turmoil spilling over to other countries in the Middle East is “not negligible”.

No comments:

Post a Comment