Thursday 16 January 2014

Political turmoil could impact Mena economy | GulfNews.com

Political turmoil could impact Mena economy | GulfNews.com:

"The World Bank on Tuesday said in a report that political turmoil will adversely impact the developing economies of the Middle East and North Africa, which remain depressed.
According to the World Bank’s twice-yearly “Global Economic Prospects”, political turmoil in Egypt, stalemate in Tunisia and an escalation of the civil war in Syria, with spill overs to neighbouring Lebanon and Jordan, have weakened activity in the oil importing countries.
“At the same time, security setbacks, strikes, infrastructure problems, and in the case of Iran, international sanctions, have negatively affected oil exporting countries,” the report states."

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