At a time when people were hoping for the economic situation to improve following the “Arab Spring”, and that the sacrifices given would be economically justified, the opposite happened.
The economic hardships started taking on a snowballing effect, leaving more people unemployed, lowering growth rates and spiking inflation rates.
According to the Arab League, some Arab Spring countries have recorded losses of $120 billion (Dh440.4 billion). The losses are expected to rise further reaching a new record number by the end of 2012.
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