The international monetary fund (IMF) have recently said that years of conflict have destroyed the economies of several countries in the middle east and North Africa. This could take years for the countries involved to regain there balance.
The US based IMF leader, said that conflicts had sparked recessions, driven up inflation,including hardship leading to death and rendering many institutions powerless from Libya to Yemen.
Syria's GDP in 2015 account for less than half of what it did in 2010,because of the ongoing war, while Yemen have lost up to 35 percent of its GDP in this year (2016).inflation in Iraq and Afghanistan have reached more than 30 percent in the mid 2000's while that of yemen and libya have also reached a peak of more than 15 percent in 2011.
Neighboring countries like Turkey, Jordan, Tunisia, to mention but a few have seen the economic consequences of this conflict in there territory from various places around the middle east and North Africa.
The US based IMF leader, said that conflicts had sparked recessions, driven up inflation,including hardship leading to death and rendering many institutions powerless from Libya to Yemen.
Syria's GDP in 2015 account for less than half of what it did in 2010,because of the ongoing war, while Yemen have lost up to 35 percent of its GDP in this year (2016).inflation in Iraq and Afghanistan have reached more than 30 percent in the mid 2000's while that of yemen and libya have also reached a peak of more than 15 percent in 2011.
Neighboring countries like Turkey, Jordan, Tunisia, to mention but a few have seen the economic consequences of this conflict in there territory from various places around the middle east and North Africa.
Comments