"Commenting on the Russian revolution, Joseph Stalin is alleged to have said, “You can’t make an omelette without breaking a few eggs.” What then is the price of eggs?
HSBC has totted up the lost output of seven states most hit by the Arab Spring, and estimates a loss of $800bn by the end of 2014.
The bank looked at the GDP of Egypt, Syria, Tunisia, Libya, Bahrain, Jordan and Lebanon; and it reckons output will be 35 per cent lower by 2014 – or $800bn in total – than it would have been had it not been for the revolution.
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