International Monetary: Unemployment and slowing economic growth fuel the protests in Arab countries
10:57 - 28/10/2019
Information / Translation…
Unemployment and slow economic growth are fueling social tension and popular protests in many Arab countries, the International Monetary Fund (IMF) said on Monday.
"As for the economic outlook, the turmoil is contributing to the slowdown in growth in the Middle East and North Africa, along with global trade tensions, volatile oil prices and the Brexit process," the Daily Mail said in an IMF report.
`` The economic outlook for the Middle East for 2019 fell to 0.1 percent from 1.1 percent last year and the IMF has lowered its forecast for the three largest economies in the region for Saudi Arabia, Iran and the UAE, '' he said. Earlier this month tended to be negative and largely dependent on global factors. ”
Jihad Azour, director of the International Monetary Fund for the Middle East and Central Asia, said that the level of growth experienced by the countries of the region is less than what is needed to tackle unemployment. 2 per cent “to bring about a decline in the unemployment rate”.
`` The unemployment rate in the Middle East has reached 11 percent, especially among women and youth, with 18 percent of women without jobs since 2018, '' the IMF report said.
The report pointed out that “public debt levels are very high in many Arab countries - exceeding 85 percent of GDP on average, with rates exceeding 150 percent in Lebanon and Sudan,” noting that “new waves of demonstrations in Algeria, Sudan, Iraq and Lebanon. They all demand economic reforms and action against corruption. ” Finished / 25 z