Although the long-term benefits of this historical transformation are indisputable, economic and social pressures are building on the region’s oil-importing countries, and the worsening international economy will only exacerbate these strains.
These countries are expected to grow at a mere 1.4 per cent this year and only a modest recovery seems on the cards for 2012. This economic slowdown is pushing up already high unemployment rates at the same time that social demands are rising.
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